Pas Electrical & Solar Services Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07788841 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2017

for

Pas Electrical & Solar Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P A Speller

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

07788841 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

12,122

16,162

CURRENT ASSETS

Debtors

5

55,090

7,754

Prepayments and accrued income

17,000

27,822

Cash at bank and in hand

26,168

37,990

98,258

73,566

CREDITORS

Amounts falling due within one year

6

40,270

39,028

NET CURRENT ASSETS

57,988

34,538

TOTAL ASSETS LESS CURRENT LIABILITIES

70,110

50,700

CREDITORS

Amounts falling due after more than one year

7

(2,928

)

(5,468

)

PROVISIONS FOR LIABILITIES

(2,373

)

-

NET ASSETS

64,809

45,232

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

64,806

45,229

SHAREHOLDERS' FUNDS

64,809

45,232

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st 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 Profit and loss account has not been delivered.

The financial statements were approved by the director on 29th May 2018 and were signed by:

Mr P A Speller - Director

1.	STATUTORY INFORMATION

Pas Electrical & Solar Services Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account,

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st September 2016

and 31st August 2017

26,950

442

27,392

DEPRECIATION

At 1st September 2016

10,974

256

11,230

Charge for year

3,994

46

4,040

At 31st August 2017

14,968

302

15,270

NET BOOK VALUE

At 31st August 2017

11,982

140

12,122

At 31st August 2016

15,976

186

16,162

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

Motor

vehicles

£

COST

At 1st September 2016

and 31st August 2017

17,180

DEPRECIATION

At 1st September 2016

4,295

Charge for year

3,221

At 31st August 2017

7,516

NET BOOK VALUE

At 31st August 2017

9,664

At 31st August 2016

12,885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/17

31/8/16

£

£

Trade debtors

55,013

5,915

Other debtors

77

1,839

55,090

7,754

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/17

31/8/16

£

£

Hire purchase contracts

2,540

2,540

Trade creditors

24,516

25,552

Taxation and social security

13,214

(6,699

)

Other creditors

-

17,635

40,270

39,028

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/17

31/8/16

£

£

Hire purchase contracts

2,928

5,468

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P A Speller.