St Helens Electrical Supplies Limited - Accounts to registrar (filleted) - small 17.3

St Helens Electrical Supplies Limited - Accounts to registrar (filleted) - small 17.3

ST HELENS ELECTRICAL SUPPLIES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.3.1.106 03983465 Board of Directors 1.9.16 31.8.17 31.8.17 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure039834652016-08-31039834652017-08-31039834652016-09-012017-08-31039834652015-08-31039834652015-09-012016-08-31039834652016-08-3103983465ns15:EnglandWales2016-09-012017-08-3103983465ns14:PoundSterling2016-09-012017-08-3103983465ns10:Director12016-09-012017-08-3103983465ns10:PrivateLimitedCompanyLtd2016-09-012017-08-3103983465ns10:SmallEntities2016-09-012017-08-3103983465ns10:AuditExempt-NoAccountantsReport2016-09-012017-08-3103983465ns10:SmallCompaniesRegimeForDirectorsReport2016-09-012017-08-3103983465ns10:SmallCompaniesRegimeForAccounts2016-09-012017-08-3103983465ns10:AbridgedAccounts2016-09-012017-08-310398346512016-09-012017-08-3103983465ns10:OrdinaryShareClass12016-09-012017-08-3103983465ns10:Director22016-09-012017-08-3103983465ns10:CompanySecretary12016-09-012017-08-3103983465ns10:RegisteredOffice2016-09-012017-08-3103983465ns5:CurrentFinancialInstruments2017-08-3103983465ns5:CurrentFinancialInstruments2016-08-3103983465ns5:ShareCapital2017-08-3103983465ns5:ShareCapital2016-08-3103983465ns5:RetainedEarningsAccumulatedLosses2017-08-3103983465ns5:RetainedEarningsAccumulatedLosses2016-08-3103983465ns5:NetGoodwill2016-09-012017-08-3103983465ns5:IntangibleAssetsOtherThanGoodwill2016-09-012017-08-3103983465ns5:LeaseholdImprovements2016-09-012017-08-3103983465ns5:FurnitureFittings2016-09-012017-08-3103983465ns5:MotorVehicles2016-09-012017-08-3103983465ns5:ComputerEquipment2016-09-012017-08-3103983465ns5:Secured2017-08-3103983465ns5:Secured2016-08-3103983465ns10:OrdinaryShareClass12017-08-31


REGISTERED NUMBER: 03983465 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

ST HELENS ELECTRICAL SUPPLIES LIMITED
ST HELENS ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 03983465)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ST HELENS ELECTRICAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2017







DIRECTORS: Mr D Hamon
Mrs L Hamon





SECRETARY: Mr D Hamon





REGISTERED OFFICE: SES House
17 Peasley Cross Lane
St Helens
Merseyside
WA9 3BG





REGISTERED NUMBER: 03983465 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB
Page 1
ST HELENS ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 03983465)

ABRIDGED BALANCE SHEET
31 AUGUST 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,344 10,576
8,344 10,576

CURRENT ASSETS
Stocks 21,322 18,868
Debtors 159,090 164,015
Cash at bank and in hand 14,448 10,335
194,860 193,218
CREDITORS
Amounts falling due within one year 201,029 193,594
NET CURRENT LIABILITIES (6,169 ) (376 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,175
10,200

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,075 10,100
SHAREHOLDERS' FUNDS 2,175 10,200

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 February 2018 and were signed on its behalf by:





Mr D Hamon - Director


The notes form part of these financial statements

Page 2
ST HELENS ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 03983465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017


1. STATUTORY INFORMATION

St Helens Electrical Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies
have been consistently applied to all years presented unless otherwise stated. The company adopted FRS 102 section 1A in
the current year. The transition to FRS102 Section 1A has not affected the reported financial position and performance of the
company.

Turnover
Turnover from the sale of electrical goods is recognised by reference to the stage of completion of the transaction at the
balance sheet date, the amount of turnover can be measured reliably, it is probable the economic benefits associated with the
transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 that have been enacted or
substantively enacted by the balance sheet date.

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.

Page 3 continued...
ST HELENS ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 03983465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2017


2. ACCOUNTING POLICIES - continued

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 4 (2016 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2016
and 31 August 2017 120,000
AMORTISATION
At 1 September 2016
and 31 August 2017 120,000
NET BOOK VALUE

At 31 August 2017 -
At 31 August 2016 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2016
and 31 August 2017 44,793
DEPRECIATION
At 1 September 2016 34,217
Charge for year 2,232
At 31 August 2017 36,449
NET BOOK VALUE
At 31 August 2017 8,344
At 31 August 2016 10,576

6. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 24,258 34,417

Page 4 continued...
ST HELENS ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 03983465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2017


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

Page 5