K Allman Electrics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05433574 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2018

for

K Allman Electrics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Barton

Mr K Allman

SECRETARY:

Mrs S Barton

REGISTERED OFFICE:

3 Roe Street

Macclesfield

Cheshire

SK11 6UT

REGISTERED NUMBER:

05433574 (England and Wales)

ACCOUNTANTS:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

FIXED ASSETS

Intangible assets

4

84,000

96,000

Tangible assets

5

9,555

12,741

93,555

108,741

CURRENT ASSETS

Stocks

9,480

1,650

Debtors

6

16,870

26,950

Cash at bank

27,581

14,321

53,931

42,921

CREDITORS

Amounts falling due within one year

7

(93,824

)

(89,698

)

NET CURRENT LIABILITIES

(39,893

)

(46,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,662

61,964

CREDITORS

Amounts falling due after more than one year

8

(2,907

)

(8,653

)

NET ASSETS

50,755

53,311

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

50,605

53,161

SHAREHOLDERS' FUNDS

50,755

53,311

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 24 January 2019 and were signed on its behalf by:

Mrs S Barton - Director

1.	STATUTORY INFORMATION

K Allman Electrics 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 recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty 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.

Motor vehicles

-

25% on reducing balance

Office equipment

-

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.

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 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

240,000

AMORTISATION

At 1 May 2017

144,000

Amortisation for year

12,000

At 30 April 2018

156,000

NET BOOK VALUE

At 30 April 2018

84,000

At 30 April 2017

96,000

5.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2017

and 30 April 2018

25,158

5,773

30,931

DEPRECIATION

At 1 May 2017

12,759

5,431

18,190

Charge for year

3,100

86

3,186

At 30 April 2018

15,859

5,517

21,376

NET BOOK VALUE

At 30 April 2018

9,299

256

9,555

At 30 April 2017

12,399

342

12,741

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

16,200

26,280

Other debtors

670

670

16,870

26,950

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts

5,746

5,540

Trade creditors

7,201

5,515

Amounts owed to group undertakings

3,883

3,883

Taxation and social security

14,360

17,185

Other creditors

62,634

57,575

93,824

89,698

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts

2,907

8,653

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.18

30.4.17

£

£

Hire purchase contracts

8,653

-

Hire purchase creditors are secured in the assets to which they relate.