Essex Telecom Installations Limited - Limited company accounts 11.6
Essex Telecom Installations Limited - Limited company accounts 11.6
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| FOR |
| ESSEX TELECOM INSTALLATIONS LIMITED |
| ESSEX TELECOM INSTALLATIONS LIMITED (REGISTERED NUMBER: 03361413) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| ESSEX TELECOM INSTALLATIONS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| ESSEX TELECOM INSTALLATIONS LIMITED (REGISTERED NUMBER: 03361413) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| The directors present their report with the financial statements of the company for the year ended 31 May 2014. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 June 2013 to the date of this |
| report. |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| ESSEX TELECOM INSTALLATIONS LIMITED (REGISTERED NUMBER: 03361413) |
| PROFIT AND LOSS ACCOUNT |
| FOR THE YEAR ENDED 31 MAY 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 2 |
| Interest payable and similar charges |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 3 |
| PROFIT FOR THE FINANCIAL YEAR |
| Retained profit brought forward |
| 27,422 | 26,472 |
| Dividends | 4 | ( |
) | ( |
) |
| RETAINED PROFIT CARRIED FORWARD |
| ESSEX TELECOM INSTALLATIONS LIMITED (REGISTERED NUMBER: 03361413) |
| BALANCE SHEET |
| 31 MAY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on behalf by: |
| ESSEX TELECOM INSTALLATIONS LIMITED (REGISTERED NUMBER: 03361413) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 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 the profit and loss account in the period to which they relate. |
| 2. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2014 | 2013 |
| £ | £ |
| Depreciation - owned assets |
| Directors' remuneration |
| 3. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 2014 | 2013 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit on ordinary activities |
| ESSEX TELECOM INSTALLATIONS LIMITED (REGISTERED NUMBER: 03361413) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2014 |
| 4. | DIVIDENDS |
| 2014 | 2013 |
| £ | £ |
| Ordinary A shares of £1 each |
| Final | - | 15,000 |
| Ordinary B shares of £1 each |
| Final | 16,000 | - |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 June 2013 |
| and 31 May 2014 |
| DEPRECIATION |
| At 1 June 2013 |
| Charge for year |
| At 31 May 2014 |
| NET BOOK VALUE |
| At 31 May 2014 |
| At 31 May 2013 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2014 | 2013 |
| £ | £ |
| Trade debtors | 2,262 | 7,608 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2014 | 2013 |
| £ | £ |
| Bank loans and overdrafts |
| Tax |
| Social security and other taxes |
| VAT |
| Directors' current accounts | 2,739 | 7,136 |
| Accrued expenses | 2,000 | 2,000 |
| ESSEX TELECOM INSTALLATIONS LIMITED (REGISTERED NUMBER: 03361413) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2014 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 110 | 110 |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party was Miss A C Cotton, a director and shareholder of the company. |