Floodlighting and Electrical Services - Accounts to registrar (filleted) - small 17.3

FLOODLIGHTING AND ELECTRICAL SERVICES LIMITED - Company Information

IRIS Accounts Production v17.3.1.106 01632109 Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure016321092016-03-31016321092017-03-31016321092016-04-012017-03-31016321092015-03-31016321092015-04-012016-03-31016321092016-03-3101632109ns15:EnglandWales2016-04-012017-03-3101632109ns14:PoundSterling2016-04-012017-03-3101632109ns10:Director12016-04-012017-03-3101632109ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3101632109ns10:SmallEntities2016-04-012017-03-3101632109ns10:AuditExemptWithAccountantsReport2016-04-012017-03-3101632109ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3101632109ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3101632109ns10:FullAccounts2016-04-012017-03-3101632109ns10:Director22016-04-012017-03-3101632109ns10:CompanySecretary12016-04-012017-03-3101632109ns10:RegisteredOffice2016-04-012017-03-3101632109ns5:CurrentFinancialInstruments2017-03-3101632109ns5:CurrentFinancialInstruments2016-03-3101632109ns5:Non-currentFinancialInstruments2017-03-3101632109ns5:Non-currentFinancialInstruments2016-03-3101632109ns5:ShareCapital2017-03-3101632109ns5:ShareCapital2016-03-3101632109ns5:RetainedEarningsAccumulatedLosses2017-03-3101632109ns5:RetainedEarningsAccumulatedLosses2016-03-3101632109ns5:PlantMachinery2016-04-012017-03-3101632109ns5:MotorVehicles2016-04-012017-03-3101632109ns5:LandBuildings2016-03-3101632109ns5:PlantMachinery2016-03-3101632109ns5:MotorVehicles2016-03-3101632109ns5:LandBuildings2016-04-012017-03-3101632109ns5:LandBuildings2017-03-3101632109ns5:PlantMachinery2017-03-3101632109ns5:MotorVehicles2017-03-3101632109ns5:LandBuildings2016-03-3101632109ns5:PlantMachinery2016-03-3101632109ns5:MotorVehicles2016-03-3101632109ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3101632109ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3101632109ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2017-03-3101632109ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2016-03-31

Floodlighting and Electrical Services

Limited

Financial Statements for the Year Ended 31 March 2017

DIRECTORS:

I Chaney

C A Chaney

SECRETARY:

I Chaney

REGISTERED OFFICE:

Units 22/23

Woodlands Workshops

Coedcae Lane

Pontyclun

Mid Glamorgan

CF72 9DW

REGISTERED NUMBER:

01632109 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

BANKERS:

Barclays Bank Plc

Corporate Banking

PO Box 334

1-6 Pocketts Quarter

Swansea

SA1 3YN

The following reproduces the text of the report prepared for the directors 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 Directors 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 Floodlighting and Electrical Services Limited for the year

ended 31 March 2017 which comprise the Profit & 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 Board of Directors of Floodlighting and Electrical Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Floodlighting and Electrical Services Limited and state those matters that we have agreed to state to the Board of Directors of Floodlighting and Electrical Services Limited, as a body, 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 Floodlighting and Electrical Services Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Floodlighting and Electrical Services 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 profit of Floodlighting and Electrical Services Limited. You consider that Floodlighting and Electrical Services 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 Floodlighting and Electrical Services 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.

BPU Limited

Chartered Accountants

28 November 2017

FIXED ASSETS

Tangible assets

28,177

41,729

CURRENT ASSETS

Stocks

14,401

33,759

Debtors

561,999

445,726

Cash at bank and in hand

96,423

114,026

672,823

593,511

CREDITORS

Amounts falling due within one year

215,390

175,477

NET CURRENT ASSETS

457,433

418,034

TOTAL ASSETS LESS CURRENT
LIABILITIES

485,610

459,763

CREDITORS

Amounts falling due after more than
one year

(3,754

)

PROVISIONS FOR LIABILITIES

(5,100

)

(5,600

)

NET ASSETS

480,510

450,409

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

480,410

450,309

SHAREHOLDERS' FUNDS

480,510

450,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 23 November 2017 and were
signed on its behalf by:

C A Chaney - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net

of value added tax and trade discounts and adjusted for long term contract work in progress.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

20% straight line

Motor vehicles

20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit &

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

Assets held under finance leases and hire purchase contracts, which are those where

substantially all the risks and rewards of ownership of the asset have passed to the

company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over

the period of the lease and represents a constant proportion of the balance of capital

repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the

lease term.

Pension costs

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.

Long term contract work in progress

Profit on long term contracts is taken as the work is carried out if the final outcome can be

assessed with reasonable certainty. The profit included is calculated on a prudent basis to

reflect the proportion of the work carried out at the year end by recording turnover and

related costs as the contract activity progresses. Turnover is calculated as the proportion of

total contract value which costs bear to date to total expected costs for that contract.

Revenues derived from variations on contracts are recognised only when they have been

accepted by the customer. Full provision is made for losses on all contracts in the year they

are first foreseen.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2016 - 16 ) .

3.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

improvements

machinery

vehicles

Totals

COST

At 1 April 2016

and 31 March 2017

7,990

70,892

139,594

218,476

DEPRECIATION

At 1 April 2016

56,456

120,291

176,747

Charge for year

5,149

8,403

13,552

At 31 March 2017

61,605

128,694

190,299

NET BOOK VALUE

At 31 March 2017

7,990

9,287

10,900

28,177

At 31 March 2016

7,990

14,436

19,303

41,729

DEBTORS

2017

2016

Amounts falling due within one year:

Trade debtors

320,305

176,180

Amounts due on contracts

1,987

4,068

Other debtors & prepayments

36,444

62,215

358,736

242,463

Amounts falling due after more than one year:

Other debtors

203,263

Aggregate amounts

561,999

445,726

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Hire purchase contracts

3,754

7,839

Trade creditors

92,153

80,052

Taxes & social security costs

104,138

79,410

Other creditors & accruals

15,345

8,176

215,390

175,477

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2017

2016

Hire purchase contracts

3,754

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

Hire purchase contracts

3,754

11,593