Service Electricals Limited - Accounts to registrar (filleted) - small 17.3
Service Electricals Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Service Electricals Limited |
| Unaudited Financial Statements for the Year Ended 28 February 2017 |
| Service Electricals Limited (Registered number: 09418987) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2017 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
| Service Electricals Limited |
| Company Information |
| for the Year Ended 28 February 2017 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Summerdale |
| Head Dyke Lane |
| Pilling |
| Preston |
| Lancashire |
| PR3 6SJ |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Service Electricals Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
| Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Service Electricals Limited for the year ended 28 February 2017 which comprise the Profit and Loss Account, |
| Balance Sheet, and the related notes from the company's accounting records and from information and explanations you |
| have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Service Electricals Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Service Electricals Limited and state those matters that we have agreed to state to the director of Service Electricals Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Service Electricals Limited director for our work or for this report. |
| It is your duty to ensure that Service Electricals Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Service Electricals Limited. You consider that Service Electricals Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Service Electricals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Summerdale |
| Head Dyke Lane |
| Pilling |
| Preston |
| Lancashire |
| PR3 6SJ |
| Service Electricals Limited (Registered number: 09418987) |
| Balance Sheet |
| 28 February 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities | ( |
) |
| Capital and reserves |
| Called up share capital | 6 |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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 Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| Service Electricals Limited (Registered number: 09418987) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2017 |
| 1. | Statutory information |
| Service Electricals Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
| be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Service Electricals Limited (Registered number: 09418987) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2017 |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 March 2016 |
| Additions |
| At 28 February 2017 |
| Depreciation |
| At 1 March 2016 |
| Charge for year |
| At 28 February 2017 |
| Net book value |
| At 28 February 2017 |
| At 29 February 2016 |
| 5. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security | ( |
) |
| Other creditors |
| 6. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary A | £1 | 34 | 34 |
| Ordinary B | £1 | 71 | 71 |
| 105 | 105 |