STEPHEN MCGUIGAN ELECTRICAL LIMITED
|
Registered Number
:
10488396
|
For the year ended 30 November 2020
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2020
STEPHEN MCGUIGAN ELECTRICAL LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
STEPHEN MCGUIGAN ELECTRICAL LIMITED
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
8,229
288
2
8,229
288
Trade and other receivables
|
9,147
10,578
3
15
Cash and cash equivalents
|
12,008
22,586
9,162
Trade and other payables
:
amounts falling due within one
|
year
|
(7,149)
(10,186)
4
2,013
12,400
Net current assets
Total assets less current liabilities
|
20,629
2,301
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(20,000)
5
629
Net assets
2,301
1
1
628
2,300
629
2,301
Shareholders' funds
For the year ended 30 November 2020 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 of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 01 July 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 November 2020
STEPHEN MCGUIGAN ELECTRICAL LIMITED
Notes to the Financial Statements
Statutory Information
STEPHEN MCGUIGAN ELECTRICAL LIMITED is a private limited company
,
limited by shares
,
domiciled in England
|
and Wales
,
registration number
10488396
.
|
9 WIBSEY AVENUE
MIDDLESBROUGH
TS3 0BJ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Tools and equipment
Computer Equipment
2
.
Property
,
plant and equipment
|
450
-
450
9,999
499
9,500
9,950
499
10,449
Provision for depreciation and impairment
|
162
-
162
Charge for year
2,058
100
1,958
2,220
100
2,120
7,830
399
8,229
288
-
288
3
.
Trade and other receivables
|
2019
2020
10,578
9,147
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For the year ended 30 November 2020
STEPHEN MCGUIGAN ELECTRICAL LIMITED
Notes to the Financial Statements Continued
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
Taxation and social security
|
4,782
5,071
Accruals and deferred income
|
480
480
Directors
'
loan accounts
|
4,924
1,598
10,186
7,149
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
20,000
-
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2019 : 1)
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