Company Registration No. 06884511 (England and Wales)
Phil Bloss Electrical Ltd
Unaudited accounts
for the year ended 31 March 2021
Phil Bloss Electrical Ltd
Unaudited accounts
Contents
Phil Bloss Electrical Ltd
Company Information
for the year ended 31 March 2021
Company Number
06884511 (England and Wales)
Registered Office
Villa House
7 Herbert Terrace
Penarth
CF64 2AH
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Phil Bloss Electrical Ltd
for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Phil Bloss Electrical Ltd for the year ended 31 March 2021 which comprise of the Profit and Loss Account, the 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Chartered Management Accountants
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
6 April 2021
Phil Bloss Electrical Ltd
Statement of financial position
as at
31 March 2021
Tangible assets
8,937
12,187
Cash at bank and in hand
30,034
11,464
Creditors: amounts falling due within one year
(1,620)
(5,405)
Net current assets
28,414
10,118
Total assets less current liabilities
37,351
22,305
Creditors: amounts falling due after more than one year
(25,350)
(7,608)
Provisions for liabilities
Deferred tax
(1,723)
(2,340)
Called up share capital
12,559
12,559
Profit and loss account
(2,281)
(202)
Shareholders' funds
10,278
12,357
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 April 2021 and were signed on its behalf by
Phil Bloss
Director
Company Registration No. 06884511
Phil Bloss Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2021
Phil Bloss Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 06884511. The registered office is Villa House, 7 Herbert Terrace, Penarth, CF64 2AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Phil Bloss Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
Charge for the year
3,250
Total debtors less than one year
-
4,059
6
Creditors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
15,350
7,608
Phil Bloss Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2021
8
Deferred taxation
2021
2020
Accelerated capital allowances
1,723
2,340
Provision at start of year
2,340
202
(Credited)/charged to the profit and loss account
(617)
2,138
Provision at end of year
1,723
2,340
9
Share capital
2021
2020
Allotted, called up and fully paid:
12,559 Ordinary shares of £1 each
12,559
12,559
10
Average number of employees
During the year the average number of employees was 1 (2020: 1).