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Unaudited Financial Statements |
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for the Year Ended 30 April 2018 |
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Manor Electrical & Security Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2018 |
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for |
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Manor Electrical & Security Limited |
Manor Electrical & Security Limited (Registered number: 04634119) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Manor Electrical & Security Limited |
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Company Information |
for the Year Ended 30 April 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
794 High Street |
Kingswinford |
West Midlands |
DY6 8BQ |
Manor Electrical & Security Limited (Registered number: 04634119) |
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Balance Sheet |
30 April 2018 |
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30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 | 342,747 | 327,768 |
SHAREHOLDERS' FUNDS |
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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. |
Manor Electrical & Security Limited (Registered number: 04634119) |
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Balance Sheet - continued |
30 April 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Manor Electrical & Security Limited (Registered number: 04634119) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
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1. | STATUTORY INFORMATION |
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Manor Electrical & Security Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
Manor Electrical & Security Limited (Registered number: 04634119) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 May 2017 |
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Additions |
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At 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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Eliminated on disposal |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2017 |
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Additions |
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Disposals | ( |
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At 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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( |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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Manor Electrical & Security Limited (Registered number: 04634119) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Trade creditors |
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Amounts owed to associates | 19,129 | 19,129 |
Tax |
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Social security and other taxes |
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VAT | 1,858 | 37,334 |
Other creditors |
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Directors' current accounts | 482 | - |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
value: | £ | £ |
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Ordinary shares | £1 | - | - |
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A Ordinary | £1 | 66 | 66 |
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B Ordinary | £1 | 34 | 34 |
100 | 100 |
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The company's 100 Ordinary shares of £1 each were re-designated 66 A Ordinary shares of £1 each and 34 B |
Ordinary shares of £1 each on 3rd May 2016. |
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8. | RESERVES |
Retained |
earnings |
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At 1 May 2017 |
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Profit for the year |
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Dividends | ( |
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At 30 April 2018 |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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During the year the company paid dividends to the director of £Nil (2017 - £38,000). |
Manor Electrical & Security Limited (Registered number: 04634119) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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10. | RELATED PARTY DISCLOSURES |
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Open Protocol Technology Limited is a company in which Mrs C A Chambers , the wife of the director, is a |
director and shareholder. The following transactions took place during the year under review: |
Sales to £65,903 (2017 : £47,829 ) |
Purchases from £6,261 (2017 : £9,529 ) |
Included within trade debtors £32,981 (2017 : £4,513) |
Included within trade creditors £Nil (2017 : £2,501 ) |
Included within other creditors £1,000 (2017 : £1,000 ) |
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Beechgrove Property Investments Limited is a company in which the director Mr P R P Chambers is a director |
and shareholder. The following transactions took place during the year under review: |
Rent charged to Manor Electrical & Security Limited £6,000 (2017 : £6,000 ) |
Included within trade creditors £Nil (2017 : £Nil ) |
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The ultimate holding company is Manor Electrical Holdings Limited. During the year under review the company |
paid dividends to Manor Electrical Holdings Limited of £142,900. At the balance sheet date the company owed |
£19,129 to Manor Electrical Holdings Limited. The loan is interest free. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent company is Manor Electrical Holdings Limited, a company incorporated in the United |
Kingdom, and which own 100% of the issued share capital of Manor Electrical & Security Limited. |
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The ultimate controlling party of Manor Electrical Holdings Limited is Mr P R P Chambers who holds 66 % of |
the issued share capital of the company. |