County Electrical (Lincs) Limited - Accounts to registrar (filleted) - small 18.1

County Electrical (Lincs) Limited - Accounts to registrar (filleted) - small 18.1

COUNTY ELECTRICAL (LINCS) LIMITED - Company Information

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REGISTERED NUMBER: 09902198 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

COUNTY ELECTRICAL (LINCS) LIMITED
COUNTY ELECTRICAL (LINCS) LIMITED (REGISTERED NUMBER: 09902198)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COUNTY ELECTRICAL (LINCS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr DA Clayton
Mrs H Clayton





REGISTERED OFFICE: Penny Acres
Willow Lane
Dunston
Lincoln
Lincolnshire
LN4 2EP





REGISTERED NUMBER: 09902198 (England and Wales)





ACCOUNTANTS: Blow Abbott Limited
36 High Street
Cleethorpes
North East Lincs
DN35 8JN
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COUNTY ELECTRICAL (LINCS) LIMITED (REGISTERED NUMBER: 09902198)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 930 -

CURRENT ASSETS
Stocks 5 14,343 17,362
Debtors 6 653 2,177
Cash at bank 26,273 5,379
41,269 24,918
CREDITORS
Amounts falling due within one year 7 12,975 14,791
NET CURRENT ASSETS 28,294 10,127
TOTAL ASSETS LESS CURRENT
LIABILITIES
29,224
10,127

PROVISIONS FOR LIABILITIES 122 -
NET ASSETS 29,102 10,127

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,101 10,126
SHAREHOLDERS' FUNDS 29,102 10,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

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COUNTY ELECTRICAL (LINCS) LIMITED (REGISTERED NUMBER: 09902198)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2018


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 Board of Directors on 26 July 2018 and were signed on its
behalf by:





Mr DA Clayton - Director


The notes form part of these financial statements

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COUNTY ELECTRICAL (LINCS) LIMITED (REGISTERED NUMBER: 09902198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

County Electrical (Lincs) 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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 1 (2017 - NIL ) .

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COUNTY ELECTRICAL (LINCS) LIMITED (REGISTERED NUMBER: 09902198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 716 452 1,168
At 31 March 2018 716 452 1,168
DEPRECIATION
Charge for year 146 92 238
At 31 March 2018 146 92 238
NET BOOK VALUE
At 31 March 2018 570 360 930

5. STOCKS
2018 2017
£    £   
Raw materials 14,343 17,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 653 797
VAT - 1,380
653 2,177

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 925 1,710
Tax 4,329 2,532
VAT 921 -
Directors' loan accounts 6,258 10,049
Accrued expenses 542 500
12,975 14,791

8. RELATED PARTY DISCLOSURES

At the 31st March 2018, the company owed the Mr DA Clayton £6,258. ( 2017 : £10,049).
No interest is payable on this loan.

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