REGISTERED NUMBER: SC312674 (Scotland)

A CAMPBELL ELECTRICAL SERVICES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Campbell

Mrs R M Campbell

SECRETARY:

Mrs R M Campbell

REGISTERED OFFICE:

Unit 6

Mossend Industrial Estate

Stornoway

Western Isles

HS1 2SG

REGISTERED NUMBER:

SC312674 (Scotland)

ACCOUNTANTS:

Nicolson Accountancy

49/50 Bayhead

Stornoway

Western Isles

HS1 2DZ

FIXED ASSETS

Tangible assets

4

145,457

146,657

CURRENT ASSETS

Debtors

5

116,710

170,482

Cash at bank

117,184

22,110

233,894

192,592

CREDITORS

Amounts falling due within one year

6

183,534

139,679

NET CURRENT ASSETS

50,360

52,913

TOTAL ASSETS LESS CURRENT LIABILITIES

195,817

199,570

CREDITORS

Amounts falling due after more than one year

7

41,332

52,515

NET ASSETS

154,485

147,055

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

154,484

147,054

SHAREHOLDERS' FUNDS

154,485

147,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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.

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

The financial statements were approved by the Board of Directors on 28 July 2017 and were signed on its behalf by:

A M Campbell - Director

1.	STATUTORY INFORMATION

A Campbell Electrical Services Ltd is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company Information page.

2.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2015

143,752

195,806

339,558

Additions

8,657

45,273

53,930

Disposals

-

(47,653

)

(47,653

)

At 31 October 2016

152,409

193,426

345,835

DEPRECIATION

At 1 November 2015

73,685

119,216

192,901

Charge for year

15,744

27,487

43,231

Eliminated on disposal

-

(35,754

)

(35,754

)

At 31 October 2016

89,429

110,949

200,378

NET BOOK VALUE

At 31 October 2016

62,980

82,477

145,457

At 31 October 2015

70,067

76,590

146,657

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2015

96,658

Additions

45,273

Transfer to ownership

(28,048

)

At 31 October 2016

113,883

DEPRECIATION

At 1 November 2015

37,997

Charge for year

21,440

Transfer to ownership

(9,881

)

At 31 October 2016

49,556

NET BOOK VALUE

At 31 October 2016

64,327

At 31 October 2015

58,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.16

31.10.15

£

£

Trade debtors

116,710

170,482

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.16

31.10.15

£

£

Bank loans and overdrafts

7,000

7,000

Hire purchase contracts

29,339

27,086

Trade creditors

55,057

57,449

Taxation and social security

51,760

46,722

Other creditors

40,378

1,422

183,534

139,679

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.16

31.10.15

£

£

Bank loans

14,583

21,583

Hire purchase contracts

26,749

30,932

41,332

52,515

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A M Campbell.