Electro Appliances Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05382146 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Electro Appliances Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D F T Roberts

Mrs A J Roberts

SECRETARY:

Mrs A J Roberts

REGISTERED OFFICE:

13 - 21 Liverpool Road

Kidsgrove

Stoke on Trent

Staffordshire

ST7 1EA

REGISTERED NUMBER:

05382146 (England and Wales)

ACCOUNTANTS:

Gilligans Limited

Unit 4 Lymedale Business Centre

Hooters Hall Road

Lymedale Business Park

Newcastle under Lyme

Staffordshire

ST5 9QF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

32,295

21,071

32,295

21,071

CURRENT ASSETS

Stocks

76,740

74,895

Debtors

6

2,318

4,589

Cash at bank and in hand

91,391

15,317

170,449

94,801

CREDITORS

Amounts falling due within one year

7

172,570

113,829

NET CURRENT LIABILITIES

(2,121

)

(19,028

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,174

2,043

CREDITORS

Amounts falling due after more than one year

8

-

369

NET ASSETS

30,174

1,674

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,074

1,574

SHAREHOLDERS' FUNDS

30,174

1,674

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 21 January 2019 and were signed on its behalf by:

D F T Roberts - Director

1.	STATUTORY INFORMATION

Electro Appliances 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

225,000

AMORTISATION

At 1 May 2017

and 30 April 2018

225,000

NET BOOK VALUE

At 30 April 2018

-

At 30 April 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

89,207

Additions

21,170

At 30 April 2018

110,377

DEPRECIATION

At 1 May 2017

68,136

Charge for year

9,946

At 30 April 2018

78,082

NET BOOK VALUE

At 30 April 2018

32,295

At 30 April 2017

21,071

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

2,318

4,589

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts

369

4,422

Trade creditors

23,276

19,783

Taxation and social security

9,346

16,477

Other creditors

139,579

73,147

172,570

113,829

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts

-

369

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D F T Roberts.