REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2021 |
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AMBER ELECTRICAL SYSTEMS LIMITED |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2021 |
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FOR |
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AMBER ELECTRICAL SYSTEMS LIMITED |
AMBER ELECTRICAL SYSTEMS LIMITED (REGISTERED NUMBER: 06095489) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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Page |
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Abridged Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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AMBER ELECTRICAL SYSTEMS LIMITED (REGISTERED NUMBER: 06095489) |
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ABRIDGED BALANCE SHEET |
31ST MARCH 2021 |
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31.3.21 | 31.3.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
5 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
AMBER ELECTRICAL SYSTEMS LIMITED (REGISTERED NUMBER: 06095489) |
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ABRIDGED BALANCE SHEET - continued |
31ST MARCH 2021 |
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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 Board of Directors and authorised for issue on
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AMBER ELECTRICAL SYSTEMS LIMITED (REGISTERED NUMBER: 06095489) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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1. | STATUTORY INFORMATION |
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Amber Electrical Systems Limited is a
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Registered number: |
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Registered office: |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the total contracted works undertaken during the period, stated net of value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Government grants |
Coronavirus Job Retention Scheme grants have been accounted for on an accruals basis. |
The interest paid for by the Government in respect of Coronavirus Business Interruption Loans and Bounce Back Loans is shown in the profit and loss account as Government Grants income and also bank loan interest expenditure. |
Grants received from local councils are accounted for in the profit and loss account when received. |
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Financial instruments |
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially as transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method. |
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AMBER ELECTRICAL SYSTEMS LIMITED (REGISTERED NUMBER: 06095489) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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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. |
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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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Going concern |
The going concern basis has been used for the preparation of these financial statements. The balance sheet shows net current assets with amounts being owed to the company by the directors. The going concern basis is applicable to the extent that the directors will repay the monies back to the company. |
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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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AMBER ELECTRICAL SYSTEMS LIMITED (REGISTERED NUMBER: 06095489) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st April 2020 |
and 31st March 2021 |
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DEPRECIATION |
At 1st April 2020 |
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Charge for year |
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At 31st March 2021 |
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NET BOOK VALUE |
At 31st March 2021 |
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At 31st March 2020 |
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5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.3.21 | 31.3.20 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 2,500 | - |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.21 | 31.3.20 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31st March 2021 and 31st March 2020: |
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31.3.21 | 31.3.20 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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AMBER ELECTRICAL SYSTEMS LIMITED (REGISTERED NUMBER: 06095489) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The directors are paying interest at 2.25% on their overdrawn loan accounts. |
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8. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £124,500 (2020 - £178,050) were paid to the directors . |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is ultimately under the control of Mr D Rofe and Mr S Pugh. |