Warren (Electrical) Limited - Accounts to registrar (filleted) - small 17.3
Warren (Electrical) Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2017 |
for |
Warren (Electrical) Limited |
Warren (Electrical) Limited (Registered number: 05827705) |
Contents of the Financial Statements |
for the Year Ended 31 May 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Report of the Accountants | 6 |
Warren (Electrical) Limited |
Company Information |
for the Year Ended 31 May 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Cleveland House |
10 Yarm Road |
Stockton on Tees |
Cleveland |
TS18 3NA |
Warren (Electrical) Limited (Registered number: 05827705) |
Balance Sheet |
31 May 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
Warren (Electrical) Limited (Registered number: 05827705) |
Notes to the Financial Statements |
for the Year Ended 31 May 2017 |
1. | STATUTORY INFORMATION |
Warren (Electrical) Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
There have been no significant judgements and estimates within the financial statements. All provisions made |
including stock and depreciation of assets have been reviewed for accuracy and are in line with accounting |
policies noted within the financial statements. |
Changes in accounting policies |
The principal accounting policies adopted in the preparation of the financial statements have remained |
unchanged from the previous year and have been consistently applied with in the same accounts. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Goodwill |
Tangible fixed assets |
Plant and machinery etc | - |
Impairment reviews have been conducted to ensure no provisions are required. |
Stocks and work in progress |
Stock has been valued at the lower of cost and estimated selling price less cost to sell. |
In respect of work in progress and finished goods, costs includes a relevant proportion of overheads according to |
the stage of manufacture/completion. |
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. |
Warren (Electrical) Limited (Registered number: 05827705) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2017 |
3. | 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 June 2016 |
and 31 May 2017 |
AMORTISATION |
At 1 June 2016 |
Charge for year |
At 31 May 2017 |
NET BOOK VALUE |
At 31 May 2017 |
At 31 May 2016 |
6. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 June 2016 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 May 2017 |
DEPRECIATION |
At 1 June 2016 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 May 2017 |
NET BOOK VALUE |
At 31 May 2017 |
At 31 May 2016 |
Warren (Electrical) Limited (Registered number: 05827705) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2017 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 May 2017 and 31 May 2016: |
2017 | 2016 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
10. | POST BALANCE SHEET EVENTS |
Post balance sheet events have been considered and there are no adjusting and non-adjusting balance sheet |
events to be disclosed. |
11. | FIRST YEAR ADOPTION |
In the transition to FRS 102 1A UK GAAP, the Company has made the relevant measurement and recognition |
adjustments. The adoption of FRS 102 1A has not affected the financial position and/or financial performance of |
the Company. In preparing its FRS 102 1A balance sheet, the Company has adjusted amounts previously reported |
in the financial statements in accordance with its old basis of accounting UK GAAP. |
The adjustments made are in relation to a holiday pay accrual provision totalling £2,414 with a deferred tax |
debtor of £483 resulting in a reduction in reserves of £1,931. |
Warren (Electrical) Limited |
Report of the Accountants to the Directors of |
Warren (Electrical) Limited |
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. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2017 set out on pages nil to nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Cleveland House |
10 Yarm Road |
Stockton on Tees |
Cleveland |
TS18 3NA |