Northway Electrical Services Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05554090 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

NORTHWAY ELECTRICAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D J Yendall

REGISTERED OFFICE:

Wayside

Ninehams Road

Tatsfield

Surrey

TN16 2AJ

REGISTERED NUMBER:

05554090 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

4

9,913

13,217

CURRENT ASSETS

Debtors

5

55,693

38,948

Cash at bank and in hand

20,694

49,790

76,387

88,738

CREDITORS

Amounts falling due within one year

6

(57,323

)

(65,649

)

NET CURRENT ASSETS

19,064

23,089

TOTAL ASSETS LESS CURRENT LIABILITIES

28,977

36,306

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

28,976

36,305

SHAREHOLDERS' FUNDS

28,977

36,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 14 December 2017 and were signed by:

D J Yendall - Director

1.	STATUTORY INFORMATION

Northway Electrical Services Limited is a private company, limited by shares , registered in 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 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 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

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

Plant and machinery etc

-

25% on reducing balance

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.

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.

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 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2016

and 30 June 2017

22,626

13,168

20,000

55,794

DEPRECIATION

At 1 July 2016

16,633

10,690

15,254

42,577

Charge for year

1,498

619

1,187

3,304

At 30 June 2017

18,131

11,309

16,441

45,881

NET BOOK VALUE

At 30 June 2017

4,495

1,859

3,559

9,913

At 30 June 2016

5,993

2,478

4,746

13,217

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

55,693

38,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

12,191

3,691

Amounts owed to group undertakings

784

784

Tax

15,212

24,695

Social security and other taxes

4,921

2,951

VAT

9,592

9,581

Directors' current accounts

471

7,752

Accrued expenses

14,152

16,195

57,323

65,649

7.

RESERVES

Retained

earnings

£

At 1 July 2016

36,305

Profit for the year

57,671

Dividends

(65,000

)

At 30 June 2017

28,976