R & M Connect (Electrical Contractors) L - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06337277 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

R & M Connect (Electrical Contractors)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R L Skelton

SECRETARY:

REGISTERED OFFICE:

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

REGISTERED NUMBER:

06337277 (England and Wales)

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Tangible assets

4

18,407

18,162

CURRENT ASSETS

Stocks

650

1,500

Debtors

5

18,026

18,757

Cash at bank and in hand

46,005

47,617

64,681

67,874

CREDITORS

Amounts falling due within one year

6

51,791

83,358

NET CURRENT ASSETS/(LIABILITIES)

12,890

(15,484

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,297

2,678

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

31,277

2,658

SHAREHOLDERS' FUNDS

31,297

2,678

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 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 Income Statement has not been delivered.

The financial statements were approved by the director on 25 April 2018 and were signed by:

R L Skelton - Director

1.	STATUTORY INFORMATION

R & M Connect (Electrical Contractors) 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except

in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2016

7,245

34,535

4,990

46,770

Additions

2,536

-

2,064

4,600

At 31 August 2017

9,781

34,535

7,054

51,370

DEPRECIATION

At 1 September 2016

4,780

21,462

2,366

28,608

Charge for year

671

3,268

416

4,355

At 31 August 2017

5,451

24,730

2,782

32,963

NET BOOK VALUE

At 31 August 2017

4,330

9,805

4,272

18,407

At 31 August 2016

2,465

13,073

2,624

18,162

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

8,602

18,757

Other debtors

9,424

-

18,026

18,757

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

32,038

39,899

Tax

9,822

14,260

Social security and other taxes

900

810

VAT

8,031

9,064

Directors' loan accounts

-

18,725

Accrued expenses

1,000

600

51,791

83,358

7.	RELATED PARTY DISCLOSURES