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CHAIN BAR ELECTRICAL ENGINEERS LTD - Company Information

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Chain Bar Electrical Engineers Limited

Registered Number:06100473

For the year ended 31 August 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 August 2018

Chain Bar Electrical Engineers Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 August 2018

Chain Bar Electrical Engineers Limited

Statement of Financial Position

Registered Number :

06100473

2017

2018

Notes

Fixed assets

Property, plant and equipment

17,733

23,104

17,733

23,104

Current assets

Trade and other receivables

57,802

97,673

130,102

Cash and cash equivalents

241,112

338,785

187,904

Trade and other payables: amounts falling due within one year

(48,099)

(172,385)

139,805

166,400

Net current assets

Total assets less current liabilities

184,133

162,909

(3,369)

(4,390)

Provisions for liabilities

180,764

Net assets

158,519

Capital and reserves

Called up share capital

Retained earnings

180,762

158,517

180,764

158,519

Shareholders' funds

For the year ended 31 August 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

T Halloway Director

These financial statements were approved and authorised for issue by the Board on 29 November 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 August 2018

Chain Bar Electrical Engineers Limited

Notes to the Financial Statements

Statutory Information

Chain Bar Electrical Engineers Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

06100473.

Registered address:

49 Mazebrook Crescent

Gomersal

Cleckheaton

Bradford, West Yorkshire

BD19 4BS

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

15% Reducing balance

33% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

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.

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 September 2017

80,000

At 31 August 2018

80,000

Amortisation

At 01 September 2017

80,000

At 31 August 2018

80,000

Net book value

At 31 August 2018

At 31 August 2017

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For the year ended 31 August 2018

Chain Bar Electrical Engineers Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Cost or valuation

At 01 September 2017

39,829

4,445

31,365

4,019

416

Additions

At 31 August 2018

4,019

31,365

4,861

40,245

Provision for depreciation and impairment

At 01 September 2017

16,725

3,600

11,063

2,062

Charge for year

5,787

416

5,077

294

At 31 August 2018

22,512

4,016

16,140

2,356

At 31 August 2018

Net book value

1,663

15,225

845

17,733

At 31 August 2017

1,957

20,302

845

23,104

4. Trade and other receivables

2017

2018

Trade debtors

53,646

47,389

Other debtors

44,027

10,413

57,802

97,673

5. Trade and other payables: amounts falling due within one year

2017

2018

Trade creditors

8,651

9,240

Taxation and social security

68,322

34,868

Other creditors

95,412

3,991

172,385

48,099

6. Average number of persons employed

During the year the average number of employees was 2 (2017 : 2)

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