|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2018 |
|
FOR |
|
S & D ELECTRICAL SERVICES LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2018 |
|
FOR |
|
S & D ELECTRICAL SERVICES LIMITED |
S & D ELECTRICAL SERVICES LIMITED (Registered number: 03276175) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
S & D ELECTRICAL SERVICES LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
1 & 2 The Barn |
Oldwick |
West Stoke Road |
Chichester |
West Sussex |
PO18 9AA |
S & D ELECTRICAL SERVICES LIMITED (Registered number: 03276175) |
|
ABRIDGED BALANCE SHEET |
31 MARCH 2018 |
|
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 5 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his 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. |
S & D ELECTRICAL SERVICES LIMITED (Registered number: 03276175) |
|
ABRIDGED BALANCE SHEET - continued |
31 MARCH 2018 |
|
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
S & D ELECTRICAL SERVICES LIMITED (Registered number: 03276175) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
1. | STATUTORY INFORMATION |
|
S & D ELECTRICAL SERVICES LIMITED is a
|
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, and are in sterling (£), which is the functional |
currency of the company. Monetary amounts in these financial statements are rounded to the |
nearest £. |
|
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that |
the company has adequate resources to continue in operational existence for the foreseeable |
future. The directors therefore adopt the going concern basis of accounting in preparing the financial |
statements. |
|
Turnover |
Turnover represents the amounts derived from the provision of goods and services falling within the |
company's ordinary activities, after deduction of trade discounts, value added tax and any other |
other taxes. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to |
determine whether there is any indication of their values being impaired. Any impairment losses are |
then treated as an expense during the period. |
|
Stocks and work in progress |
Stocks 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 includes all direct expenditure and a |
proportion of fixed and variable overheads where appropriate. |
|
S & D ELECTRICAL SERVICES LIMITED (Registered number: 03276175) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
2. | ACCOUNTING POLICIES - continued |
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. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
|
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
|
S & D ELECTRICAL SERVICES LIMITED (Registered number: 03276175) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2017 |
|
Additions |
|
Disposals | ( |
) |
At 31 March 2018 |
|
DEPRECIATION |
At 1 April 2017 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
|
Totals |
£ |
COST |
At 1 April 2017 | 9,175 |
Disposals | (9,175 | ) |
At 31 March 2018 | - |
DEPRECIATION |
At 1 April 2017 | 3,727 |
Eliminated on disposal | (3,727 | ) |
At 31 March 2018 | - |
NET BOOK VALUE |
At 31 March 2018 | - |
At 31 March 2017 | 5,448 |
S & D ELECTRICAL SERVICES LIMITED (Registered number: 03276175) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
5. | CALLED UP SHARE CAPITAL |
|
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.18 | 31.3.17 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
Ordinary B Non Voting | £1 | 1 | 1 |
|
Ordinary C Non Voting | £1 | 1 | 1 |
102 | 102 |
|
6. | RELATED PARTY DISCLOSURES |
|
The director Christopher Smith is also a shareholder of the company. During the year the company |
paid dividends of £40,000 (2017: £33,000) |
|
7. | ULTIMATE CONTROLLING PARTY |
|
The company is under the control of the director C J Smith and the shareholder D J Smith by virtue of |
owning in equal proportion the company's entire share capital with voting rights. |