MBI Electrical Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06225767 (England and Wales)

MBI ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W C Brown

A J Collicott

REGISTERED OFFICE:

91-93 Fore Street

Hertford

Hertfordshire

SG14 1AS

REGISTERED NUMBER:

06225767 (England and Wales)

ACCOUNTANTS:

Hakim Fry

Chartered Accountants

69-71 East Street

Epsom

Surrey, England

KT17 1BP

FIXED ASSETS

Tangible assets

4

2,441

2,375

CURRENT ASSETS

Stocks

162,813

127,690

Debtors

5

32,952

44,833

Cash at bank

1,424

4,159

197,189

176,682

CREDITORS

Amounts falling due within one year

6

171,532

148,758

NET CURRENT ASSETS

25,657

27,924

TOTAL ASSETS LESS CURRENT LIABILITIES

28,098

30,299

PROVISIONS FOR LIABILITIES

396

388

NET ASSETS

27,702

29,911

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,602

29,811

SHAREHOLDERS' FUNDS

27,702

29,911

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 February 2018 and were signed on its behalf by:

A J Collicott - Director

1.	STATUTORY INFORMATION

MBI Electrical 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

-

33% on cost and 25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

21,875

Additions

964

At 30 April 2017

22,839

DEPRECIATION

At 1 May 2016

19,500

Charge for year

898

At 30 April 2017

20,398

NET BOOK VALUE

At 30 April 2017

2,441

At 30 April 2016

2,375

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

27,612

16,814

Other debtors

5,340

28,019

32,952

44,833

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

62,141

70,445

Taxation and social security

69,486

48,450

Other creditors

39,905

29,863

171,532

148,758

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.17

30.4.16

£

£

Between one and five years

35,417

-

8.	RELATED PARTY DISCLOSURES