Leigh Cables Commercial Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05110489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

LEIGH CABLES COMMERCIAL LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

55,318

40,941

Investments

5

1

1

55,319

40,942

CURRENT ASSETS

Stocks

183,507

210,246

Debtors

6

377,554

173,519

Investments

7

69,999

69,999

Cash at bank

234,366

177,068

865,426

630,832

CREDITORS

Amounts falling due within one year

8

410,555

145,240

NET CURRENT ASSETS

454,871

485,592

TOTAL ASSETS LESS CURRENT LIABILITIES

510,190

526,534

CREDITORS

Amounts falling due after more than one year

9

-

(16,491

)

PROVISIONS FOR LIABILITIES

11

(2,522

)

-

NET ASSETS

507,668

510,043

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

507,666

510,041

SHAREHOLDERS' FUNDS

507,668

510,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 February 2018 and were signed on its behalf by:

H L Lowde - Director

1.	STATUTORY INFORMATION

Leigh Cables Commercial Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

05110489

Registered office:

Unit 12 Brook Mill

High Street

Leigh

Lancashire

WN7 2AD

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2016

29,724

14,841

34,514

79,079

Additions

12,898

2,050

14,483

29,431

At 31 May 2017

42,622

16,891

48,997

108,510

DEPRECIATION

At 1 June 2016

12,160

11,417

14,561

38,138

Charge for year

6,762

890

7,402

15,054

At 31 May 2017

18,922

12,307

21,963

53,192

NET BOOK VALUE

At 31 May 2017

23,700

4,584

27,034

55,318

At 31 May 2016

17,564

3,424

19,953

40,941

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2016

and 31 May 2017

34,514

DEPRECIATION

At 1 June 2016

14,561

Charge for year

4,988

At 31 May 2017

19,549

NET BOOK VALUE

At 31 May 2017

14,965

At 31 May 2016

19,953

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2016

and 31 May 2017

1

NET BOOK VALUE

At 31 May 2017

1

At 31 May 2016

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

302,529

170,997

Other debtors

75,025

2,522

377,554

173,519

7.	CURRENT ASSET INVESTMENTS

31.5.17

31.5.16

£

£

Loan

69,999

69,999

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Hire purchase contracts

15,915

4,258

Trade creditors

308,928

73,168

Taxation and social security

28,601

44,030

Other creditors

57,111

23,784

410,555

145,240

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.17

31.5.16

£

£

Hire purchase contracts

-

16,491

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.17

31.5.16

£

£

Hire purchase contracts

15,915

20,749

11.	PROVISIONS FOR LIABILITIES

31.5.17

31.5.16

£

£

Deferred tax

Accelerated capital allowances

2,522

-

Deferred

tax

£

Charge to Income Statement during year

2,522

Balance at 31 May 2017

2,522

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

2

Ordinary

£1

2

2

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors working in unison.