J Roberts Electrical Limited Accounts

J. ROBERTS ELECTRICAL LIMITED - Company Information






J Roberts Electrical Limited
	Company No. 06540005
		Information for Filing with The Registrar
		31 March 2017

The Directors present their report and the accounts for the year ended 31 March 2017.

Principal activities
The principal activity of the company during the year under review was .




Directors

The Directors who served at any time during the year were as follows:

M. Fitzgerald
J. Roberts
J. Roberts
R. Roberts
































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J. Roberts
Director
15 December 2017

at	31 March 2017

Company No.		06540005	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	34,982	10,536


				34,982	10,536
Current assets
	Stocks		3	-	25,539
	Debtors		4	178,117	77,651

	Cash at bank and in hand			47,333	33,378
				225,450	136,568
Creditors: Amount falling due within one year			5	(137,924)	(122,532)
Net current assets				87,526	14,036
Total assets less current liabilities				122,508	24,572
Creditors: Amounts falling due after more than one year			6	(56,225)	(24,451)



Net assets				66,283	121

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		7	66,183	21

Total equity				66,283	121


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 15 December 2017

And signed on its behalf by:

J. Roberts
Director
15 December 2017

for the year ended 31 March 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 April 2016	6,567	13,727	2,496	22,790
		Additions	-	23,157	1,289	24,446



		At 31 March 2017	6,567	36,884	3,785	47,236
		Depreciation
		At 1 April 2016	4,893	6,318	1,043	12,254




		At 31 March 2017	4,893	6,318	1,043	12,254
		Net book values
		At 31 March 2017	1,674	30,566	2,742	34,982
		At 31 March 2016	1,674	7,409	1,453	10,536

3	Stocks
			2017	2016
			£	£
		Raw materials and consumables	-	25,539


			-	25,539

4	Debtors
			2017	2016
			£	£
		Trade debtors	74,747	50,220





		Other debtors	103,370	27,431

			178,117	77,651

5	Creditors:
		amounts falling due within one year
			2017	2016
			£	£



		Obligations under finance lease and hire purchase contracts	220	2,126


		Corporation tax	27,640	12,237
		Other taxes and social security	36,476	4,414
		Loans from directors	72,528	87,565
		Other creditors	-	14,710
		Accruals and deferred income	1,060	1,480
			137,924	122,532

6	Creditors:
		amounts falling due after more than one year
			2017	2016
			£	£

		Bank loans and overdrafts	4,640	(13,995)




		Other creditors	51,585	38,446

			56,225	24,451

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2017	2016
			£	£
		Dividends for the period:
		Dividends paid in the period	44,400	48,950

			44,400	48,950

		Dividends by type:

		Equity dividends	44,400	48,950
			44,400	48,950

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

06540005

Its registered office is:

123 Cross Lane East

Gravesend

Kent

DA12 5HA