J T Hawkes (Elec Contrs.) Ltd - Accounts to registrar (filleted) - small 17.3
J T Hawkes (Elec Contrs.) Ltd - Accounts to registrar (filleted) - small 17.3
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2017 |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED (REGISTERED NUMBER: 01375053) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED |
| Company Information |
| for the Year Ended 28 February 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 88 Hill Village Road |
| Sutton Coldfield |
| West Midlands |
| B75 5BE |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED (REGISTERED NUMBER: 01375053) |
| Balance Sheet |
| 28 February 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Revaluation reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED (REGISTERED NUMBER: 01375053) |
| Balance Sheet - continued |
| 28 February 2017 |
| 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 Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED (REGISTERED NUMBER: 01375053) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2017 |
| 1. | STATUTORY INFORMATION |
| J T Hawkes (Electrical Contractors) Limited is a |
| England and Wales. The 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 |
| These financial statements for the year ended 28 February 2017 are the first financial statements that |
| comply with FRS 102 Section 1A small entities. |
| In preparing the accounts the directors have considered whether in applying the accounting policies |
| required by FRS 102 Section 1A the restatement of comparatives was required. At the date of |
| transition there were no restatements necessary. |
| Turnover |
| Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
| Tangible fixed assets |
| Freehold property | - |
| Leasehold land and buildings | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 Income Statement, |
| 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. |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED (REGISTERED NUMBER: 01375053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold |
| Freehold | land and | Plant and |
| property | buildings | machinery |
| £ | £ | £ |
| COST OR VALUATION |
| At 29 February 2016 |
| Additions |
| Revaluations |
| At 28 February 2017 |
| DEPRECIATION |
| At 29 February 2016 |
| Charge for year |
| At 28 February 2017 |
| NET BOOK VALUE |
| At 28 February 2017 |
| At 28 February 2016 |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED (REGISTERED NUMBER: 01375053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2017 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 29 February 2016 |
| Additions |
| Revaluations |
| At 28 February 2017 |
| DEPRECIATION |
| At 29 February 2016 |
| Charge for year |
| At 28 February 2017 |
| NET BOOK VALUE |
| At 28 February 2017 |
| At 28 February 2016 |
| The net book value of tangible fixed assets includes £37,557 (2016: £60,540) in respect of assets held |
| under finance leases or hire purchase contracts. The depreciation charge in respect of such assets |
| amounted to £12,278 (2016: £15,931) for the year. |
| Cost or valuation at 28 February 2017 is represented by: |
| Leasehold |
| Freehold | land and | Plant and |
| property | buildings | machinery |
| £ | £ | £ |
| Valuation in 2017 | 34,098 | - | - |
| Cost | 110,902 | 14,056 | 108,690 |
| 145,000 | 14,056 | 108,690 |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| Valuation in 2017 | - | - | 34,098 |
| Cost | 110,194 | 77,423 | 421,265 |
| 110,194 | 77,423 | 455,363 |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED (REGISTERED NUMBER: 01375053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdraft |
| Hire purchase contracts | 28,018 | - |
| The overdraft is secured by a fixed charge over the assets of the company. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 30,000 | 30,000 |
| J T HAWKES (ELECTRICAL |
| CONTRACTORS) LIMITED (REGISTERED NUMBER: 01375053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2017 |
| 10. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 29 February 2016 | 640,809 |
| Deficit for the year | ( |
) | ( |
) |
| Dividends | ( |
) | ( |
) |
| Movmt of revaluation reserve | - | 34,098 | 34,098 |
| Deferred taxation | - | (6,500 | ) | (6,500 | ) |
| At 28 February 2017 | 300,639 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £8,195 (2016 - £51,680) were paid to the director . |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |