REGISTERED NUMBER: 05928927 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

A & G Electrical Distributors Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Harrison

G Pinnell

REGISTERED OFFICE:

1 Ladysmith Street

Hartlepool

Cleveland

TS25 1PX

REGISTERED NUMBER:

05928927 (England and Wales)

ACCOUNTANTS:

Davies Tracey

Chartered Accountants and Business Advisers

Swan House

Westpoint Road

Teesdale Business Park

Stockton on Tees

TS17 6BP

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

10,172

3,381

10,172

3,381

CURRENT ASSETS

Stocks

52,000

45,000

Debtors

214,420

240,939

Cash at bank and in hand

204,818

154,284

471,238

440,223

CREDITORS

Amounts falling due within one year

200,469

212,552

NET CURRENT ASSETS

270,769

227,671

TOTAL ASSETS LESS CURRENT LIABILITIES

280,941

231,052

CREDITORS

Amounts falling due after more than one year

-

(1,270

)

PROVISIONS FOR LIABILITIES

(1,386

)

-

NET ASSETS

279,555

229,782

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

279,355

229,682

SHAREHOLDERS' FUNDS

279,555

229,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 September 2018 and were signed on its behalf by:

G Pinnell - Director

1.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Stocks

Stocks are valued by the directors estimates.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

30,000

AMORTISATION

At 1 April 2017

and 31 March 2018

30,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

75,591

Additions

8,615

At 31 March 2018

84,206

DEPRECIATION

At 1 April 2017

72,210

Charge for year

1,824

At 31 March 2018

74,034

NET BOOK VALUE

At 31 March 2018

10,172

At 31 March 2017

3,381

5.	RELATED PARTY DISCLOSURES

During the year the company rented premises off the directors. Rent paid = £22,995 (2017 - £22,995).