B.K.F. Electrical Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02996643 (England and Wales)

B.K.F. Electrical Services Limited

Abridged Financial Statements for the Year Ended 30th November 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

B K French

K N French

Registered office:

77 Fyfield Road

Fyfield

Ongar

Essex

CM5 0AL

Registered number:

02996643 (England and Wales)

Accountants:

Walters & Company

Certified Practising Accountants

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Fixed assets

Tangible assets

4

3,318

4,281

Current assets

Stocks

-

16,500

Debtors

27,436

10,530

Cash at bank and in hand

127,260

217,576

154,696

244,606

Creditors

Amounts falling due within one year

2,373

18,295

Net current assets

152,323

226,311

Total assets less current liabilities

155,641

230,592

Provisions for liabilities

50

110

Net assets

155,591

230,482

Capital and reserves

Called up share capital

5

2

2

Retained earnings

6

155,589

230,480

Shareholders' funds

155,591

230,482

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Income Statement and an abridged Balance Sheet for the year ended 30th November 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 6th August 2018 and were signed on its behalf by:

B K French - Director

1.	Statutory information

B.K.F. 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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 2 .

4.	Tangible fixed assets

Totals

£

Cost

At 1st December 2016

and 30th November 2017

68,137

Depreciation

At 1st December 2016

63,856

Charge for year

963

At 30th November 2017

64,819

Net book value

At 30th November 2017

3,318

At 30th November 2016

4,281

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/17

30/11/16

value:

£

£

1

Ordinary

£2

2

2

6.

Reserves

Retained

earnings

£

At 1st December 2016

230,480

Deficit for the year

(2,631

)

Dividends

(72,260

)

At 30th November 2017

155,589

7.	Ultimate controlling party

The company is under the joint control of Mr B French and Mrs K French, the directors of the

company.