Accounts filed on 31-07-2017


Registered number: 01268526






Frederick Smith (Electrical) Ltd


ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2017
























Prepared By:
Brieley Grimsdell Falconer Ltd
Chartered Accountants and Tax Advisers
14 Regent Street
Kimberley
Nottingham
NG16 2LW


Frederick Smith (Electrical) Ltd


ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2017





DIRECTORS
Mr A Bancroft
Mr S Stephenson



SECRETARY
Mr A Bancroft


REGISTERED OFFICE
Unit 8 Appleby Glade Estate
Ryder Close
Swadlincote
Derbys
DE11 9EU


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01268526



BANKERS
LLoyds TSB, 7 High Street, Leicester, LE1 9FS



ACCOUNTANTS
Brieley Grimsdell Falconer Ltd
Chartered Accountants and Tax Advisers
14 Regent Street
Kimberley
Nottingham
NG16 2LW


ACCOUNTS
FOR THEYEARENDED31 JULY 2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 July 2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		41,239		25,519

CURRENT ASSETS
Stock		5,606		6,005
Debtors	4	356,974		453,303
Cash at bank and in hand		552,514		330,465
		915,094		789,773
CREDITORS: Amounts falling due within one year	5	411,647		352,518
NET CURRENT ASSETS			503,447		437,255
TOTAL ASSETS LESS CURRENT LIABILITIES			544,686		462,774


PROVISIONS FOR LIABILITIES AND CHARGES	7		7,835		5,104

NET ASSETS			536,851		457,670

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			536,751		457,570
SHAREHOLDERS' FUNDS			536,851		457,670

For the year ending 31 July 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 9 November 2017 and signed on their behalf by



.............................
Mr S Stephenson
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short Leasehold Properties		reducing balance 15%
Plant and Machinery		reducing balance 20%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		straight line 20%
Equipment		reducing balance 15%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). 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 stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	323,228	399,970
Other debtors	5,778	5,778
Prepayments	15,161	23,686
Accrued income	12,807	23,869
	356,974	453,303




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	18,209	34,967
VAT	47,592	46,757
PAYE control	10,264	15,071
Trade creditors	157,322	149,541
Accruals	35,734	29,402
Deferred income	142,526	76,780
	411,647	352,518




8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
100 ordinary of £1 each	100	100
	100	100




9. OTHER FINANCIAL COMMITMENTS
At 31 July 2017 the company was committed to making the following payments under non-cancellable operating leases:

	2017	2016
	£	£
Operating Leases which expire:
Within two to five years	20,875	20,000




10. CONTROLLING PARTY
The company is controlled by ControlRite Limited, a company incorporated in England and Wales.