Aseco Electrical Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10263856 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 5 JULY 2016 TO 30 SEPTEMBER 2017

FOR

ASECO ELECTRICAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P D Derrick

REGISTERED OFFICE:

367B Church Road

Frampton Cotterell

Bristol

BS36 2AQ

REGISTERED NUMBER:

10263856 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Intangible assets

4

8,000

Tangible assets

5

13,291

21,291

CURRENT ASSETS

Debtors

6

11,361

Cash at bank

15,131

26,492

CREDITORS

Amounts falling due within one year

7

(27,810

)

NET CURRENT LIABILITIES

(1,318

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,973

CREDITORS

Amounts falling due after more than one year

8

(9,214

)

PROVISIONS FOR LIABILITIES

(2,525

)

NET ASSETS

8,234

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

8,134

SHAREHOLDERS' FUNDS

8,234

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 March 2018 and were signed by:

P D Derrick - Director

1.	STATUTORY INFORMATION

Aseco Electrical Services 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

10,000

At 30 September 2017

10,000

AMORTISATION

Amortisation for period

2,000

At 30 September 2017

2,000

NET BOOK VALUE

At 30 September 2017

8,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

1,425

14,909

443

16,777

At 30 September 2017

1,425

14,909

443

16,777

DEPRECIATION

Charge for period

356

2,982

148

3,486

At 30 September 2017

356

2,982

148

3,486

NET BOOK VALUE

At 30 September 2017

1,069

11,927

295

13,291

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

Motor

vehicles

£

COST

Additions

14,909

At 30 September 2017

14,909

DEPRECIATION

Charge for period

2,982

At 30 September 2017

2,982

NET BOOK VALUE

At 30 September 2017

11,927

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

3,318

Other debtors

8,043

11,361

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

1,239

Trade creditors

525

Taxation and social security

15,329

Other creditors

10,717

27,810

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

9,214

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

80

Ordinary 'A'

1

80

20

Ordinary 'B'

1

20

100

10.

RESERVES

Retained

earnings

£

Profit for the period

35,134

Dividends

(27,000

)

At 30 September 2017

8,134