SCT Electrics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02164273 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

SCT Electrics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

S C Tomkinson

Mrs D K Tomkinson

SECRETARY:

Mrs D K Tomkinson

REGISTERED OFFICE:

Chilvers House

75-91 Heath End Road

Nuneaton

Warwickshire

CV10 7JG

REGISTERED NUMBER:

02164273 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

5

6,850

8,254

CURRENT ASSETS

Stocks

41,000

79,494

Debtors

6

568,551

478,895

Cash at bank and in hand

87,813

124,653

697,364

683,042

CREDITORS

Amounts falling due within one year

7

(204,542

)

(194,670

)

NET CURRENT ASSETS

492,822

488,372

TOTAL ASSETS LESS CURRENT LIABILITIES

499,672

496,626

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

499,670

496,624

SHAREHOLDERS' FUNDS

499,672

496,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors on 23 January 2019 and were signed on its behalf by:

S C Tomkinson - Director

1.	STATUTORY INFORMATION

SCT 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.

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.

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 15% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

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 17 (2017 - 18 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2017

36,368

44,895

5,015

86,278

Additions

-

-

455

455

At 30 September 2018

36,368

44,895

5,470

86,733

DEPRECIATION

At 1 October 2017

31,748

41,261

5,015

78,024

Charge for year

780

926

153

1,859

At 30 September 2018

32,528

42,187

5,168

79,883

NET BOOK VALUE

At 30 September 2018

3,840

2,708

302

6,850

At 30 September 2017

4,620

3,634

-

8,254

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

272,768

184,846

Amounts owed by participating interests

285,096

285,096

Other debtors

10,687

8,953

568,551

478,895

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

60,734

48,922

Amounts owed to participating interests

76,681

83,908

Taxation and social security

61,670

56,854

Other creditors

5,457

4,986

204,542

194,670

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 October 2017

496,624

Profit for the year

33,046

Dividends

(30,000

)

At 30 September 2018

499,670

10.	RELATED PARTY DISCLOSURES

Greenbreas Property Limited

A company in which S C Tomkinson and Mrs D K Tomkinson are directors

There is loan to Greenbreas Property Limited.

2018

2017

£

£

Amount due from related party at the balance sheet date

285,096

285,096

Fransadieoli Holdings Limited

Holding company

SCT Electrics Limited paid rent of £15,000 to Fransadieoli Holdings Limited during the year (2017 - £15,000).

There is a loan from Fransadieoli Holdings Limited.

2018

2017

£

£

Amount due to related party at the balance sheet date

76,681

83,908

11.	ULTIMATE CONTROLLING PARTY

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 Balance Sheet. Readers are cautioned that the Income Statement 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 SCT Electrics Limited for the year ended 30 September 2018 which comprise the Profit and loss,

Balance Sheet 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 SCT Electrics 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 SCT Electrics Limited and state those matters that we have agreed to state to the Board of Directors of SCT Electrics 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 SCT Electrics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SCT Electrics 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 profit of SCT Electrics Limited. You consider that SCT Electrics 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 SCT Electrics 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.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

23 January 2019