Gretton Ward Electrical Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01156878 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2018

for

Gretton Ward Electrical Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

B J King

P B King

P J Ward

REGISTERED OFFICE:

3 Murray Business Centre

Murray Road

Orpington

Kent

BR5 3RE

REGISTERED NUMBER:

01156878 (England and Wales)

ACCOUNTANTS:

Born & Co.

Chartered Accountants

3 London Wall Buildings

London

EC2M 5PD

The following reproduces the text of the report prepared for the directors in respect of the Company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is

only required to file a Statement of Financial Position. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Gretton Ward Electrical Limited for the year ended 30th April 2018 which comprise

the Income Statement, Statement of Financial Position and the related notes from the Company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gretton Ward Electrical Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gretton Ward Electrical Limited and state those matters that we have agreed to state to the Board of Directors of Gretton Ward Electrical Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gretton Ward Electrical Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gretton Ward Electrical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gretton Ward Electrical Limited. You consider that Gretton Ward Electrical Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gretton Ward Electrical Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Born & Co.

Chartered Accountants

3 London Wall Buildings

London

EC2M 5PD

1st November 2018

FIXED ASSETS

Tangible assets

5

36,972

49,297

CURRENT ASSETS

Stock

186,050

520,034

Debtors

6

315,284

361,944

Cash at bank and in hand

160,797

339,799

662,131

1,221,777

CREDITORS

Amounts falling due within one year

7

95,912

137,348

NET CURRENT ASSETS

566,219

1,084,429

TOTAL ASSETS LESS CURRENT LIABILITIES

603,191

1,133,726

CAPITAL AND RESERVES

Called up share capital

9,178

9,178

Retained earnings

594,013

1,124,548

SHAREHOLDERS' FUNDS

603,191

1,133,726

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 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 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 1st November 2018 and were signed on its behalf by:

B J King - Director

1.	STATUTORY INFORMATION

Gretton Ward Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements may require the directors to make judgements, estimates and

assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the

amounts reported for revenues and expenses during the year. However, the nature of estimation means

that actual outcomes could differ from those estimates.

No judgements, estimates or assumptions that are material to the financial statements have been made

during the current or prior year.

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

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stock to their present location and condition.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2017

and 30th April 2018

88,095

DEPRECIATION

At 1st May 2017

38,798

Charge for year

12,325

At 30th April 2018

51,123

NET BOOK VALUE

At 30th April 2018

36,972

At 30th April 2017

49,297

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

241,874

287,874

Retentions

34,399

35,694

Other debtors

5,874

6,458

Prepayments

33,137

31,918

315,284

361,944

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

33,249

60,902

Social security and other taxes

12,680

13,566

VAT

28,287

39,536

Other creditors

11,626

11,154

Pension

1,053

1,298

Accrued expenses

9,017

10,892

95,912

137,348

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors.