Tailored Electrical Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC559402 (Scotland)

Financial Statements for the Period 3 March 2017 to 31 March 2018

for

Tailored Electrical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Corry

REGISTERED OFFICE:

C/O Rennie Smith & Co

64 Murray Place

Stirling

FK8 2BX

REGISTERED NUMBER:

SC559402 (Scotland)

FIXED ASSETS

Tangible assets

4

16,433

CURRENT ASSETS

Stocks

4,501

Debtors

5

6,523

Cash at bank

18,765

29,789

CREDITORS

Amounts falling due within one year

6

33,130

NET CURRENT LIABILITIES

(3,341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,092

PROVISIONS FOR LIABILITIES

7

3,122

NET ASSETS

9,970

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

9,968

SHAREHOLDERS' FUNDS

9,970

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 8 October 2018 and were signed by:

R Corry - Director

1.	STATUTORY INFORMATION

Tailored Electrical Services Limited is a private company, limited by shares , registered in Scotland. 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 etc

-

25% on reducing balance and 20% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

Additions

660

154

20,420

633

21,867

At 31 March 2018

660

154

20,420

633

21,867

DEPRECIATION

Charge for period

132

39

5,105

158

5,434

At 31 March 2018

132

39

5,105

158

5,434

NET BOOK VALUE

At 31 March 2018

528

115

15,315

475

16,433

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

5,597

Other debtors

926

6,523

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,176

Taxation and social security

1,879

Other creditors

29,075

33,130

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

3,122

Deferred

tax

£

Provided during period

3,122

Balance at 31 March 2018

3,122

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1.00

2

9.

RESERVES

Retained

earnings

£

Profit for the period

19,968

Dividends

(10,000

)

At 31 March 2018

9,968