Chain Bar Electrical Engineers Limited,Ltd - AccountsLtd - Accounts

Chain Bar Electrical Engineers Limited,Ltd - AccountsLtd - Accounts


2016-09-01 06100473 2017-08-31 06100473 2016-09-01 2017-08-31 06100473 2016-08-31 06100473 2015-09-01 2016-08-31 06100473 uk-core:WithinOneYear 2016-08-31 06100473 uk-core:WithinOneYear 2017-08-31 06100473 uk-core:ShareCapital 2017-08-31 06100473 uk-core:ShareCapital 2016-08-31 06100473 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 06100473 uk-core:RetainedEarningsAccumulatedLosses 2016-08-31 06100473 uk-bus:Director1 2016-09-01 2017-08-31 06100473 uk-core:PlantMachinery 2016-09-01 2017-08-31 06100473 uk-core:ToolsEquipment 2016-09-01 2017-08-31 06100473 uk-core:CommercialMotorVehicles 2016-09-01 2017-08-31 06100473 uk-core:Goodwill 2016-08-31 06100473 uk-core:Goodwill 2017-08-31 06100473 uk-core:ToolsEquipment 2016-08-31 06100473 uk-core:CommercialMotorVehicles 2016-08-31 06100473 uk-core:PlantMachinery 2016-08-31 06100473 uk-core:PlantMachinery 2017-08-31 06100473 uk-core:CommercialMotorVehicles 2017-08-31 06100473 uk-core:ToolsEquipment 2017-08-31 iso4217:GBP 06100473 uk-bus:AuditExemptWithAccountantsReport 2016-09-01 2017-08-31 06100473 uk-bus:FRS102 2016-09-01 2017-08-31 06100473 uk-bus:FullAccounts 2016-09-01 2017-08-31 06100473 uk-bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31
Chain Bar Electrical Engineers Limited
Registered Number:06100473
For the year ended 31 August 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2017
Chain Bar Electrical Engineers Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 August 2017
Chain Bar Electrical Engineers Limited
Statement of Financial Position
Registered Number :
06100473
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
23,104
19,462
3
23,104
19,462
Current assets
Trade and other receivables
61,556
57,802
4
217,752
Cash and cash equivalents
130,102
187,904
279,308
Trade and other payables: amounts falling due within one year
(178,643)
(48,099)
5
100,665
139,805
Net current assets
Total assets less current liabilities
162,909
120,127
(4,390)
(3,896)
Provisions for liabilities
158,519
Net assets
116,231
Capital and reserves
Called up share capital
2
2
Retained earnings
158,517
116,229
158,519
116,231
Shareholders' funds
For the year ended 31 August 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of
its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
T Halloway Director
These financial statements were approved and authorised for issue by the Board on 16 November 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2017
Chain Bar Electrical Engineers Limited
Notes to the Financial Statements
Statutory Information
Chain Bar Electrical Engineers Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06100473.
Registered address:
49 Mazebrook Crescent
Gomersal
Cleckheaton
Bradford, West Yorkshire
BD19 4BS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
33% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 September 2016
80,000
At 31 August 2017
80,000
Amortisation
At 01 September 2016
80,000
At 31 August 2017
80,000
Net book value
At 31 August 2017
-
At 31 August 2016
-
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5
For the year ended 31 August 2017
Chain Bar Electrical Engineers Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 September 2016
33,119
3,557
26,265
3,297
17,110
888
15,500
722
Additions
-
(10,400)
-
Disposals
(10,400)
At 31 August 2017
4,019
31,365
4,445
39,829
Provision for depreciation and impairment
At 01 September 2016
13,657
3,107
8,834
1,716
Charge for year
7,618
493
6,779
346
(4,550)
-
(4,550)
-
On disposal
At 31 August 2017
16,725
3,600
11,063
2,062
At 31 August 2017
Net book value
1,957
20,302
845
23,104
At 31 August 2016
1,581
17,431
450
19,462
4. Trade and other receivables
2016
2017
£
£
Trade debtors
47,389
53,840
Other debtors
10,413
7,716
61,556
57,802
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
9,240
1,782
Taxation and social security
34,868
34,580
Other creditors
3,991
142,281
48,099
178,643
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