Hazledine Electronics (Telford) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01554200 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Hazledine Electronics (Telford) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G L Jones

Ms S F Morris

G W Jones

SECRETARY:

REGISTERED OFFICE:

Myrick House

Hendomen

Montgomery

Powys

SY15 6EZ

REGISTERED NUMBER:

01554200 (England and Wales)

ACCOUNTANTS:

Corfield Accountancy Limited

Chartered Accountants

Myrick House

Hendomen

Montgomery

Powys

SY15 6EZ

FIXED ASSETS

Tangible assets

4

6,872

8,084

CURRENT ASSETS

Stocks

4,937

6,694

Debtors

5

4,644

10,488

Cash at bank and in hand

6,584

13,976

16,165

31,158

CREDITORS

Amounts falling due within one year

6

6,216

13,472

NET CURRENT ASSETS

9,949

17,686

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,821

25,770

CAPITAL AND RESERVES

Called up share capital

5,000

Share premium

33,250

Capital redemption reserve

5,000

Retained earnings

(26,429

)

(17,480

)

SHAREHOLDERS' FUNDS

16,821

25,770

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.

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 11 December 2018 and were signed on
its behalf by:

Ms S F Morris - Director

1.	STATUTORY INFORMATION

Hazledine Electronics (Telford) Limited is a private company, limited by shares , registered in England

and Wales. 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.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 2 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

53,113

DEPRECIATION

At 1 April 2017

45,029

Charge for year

1,212

At 31 March 2018

46,241

NET BOOK VALUE

At 31 March 2018

6,872

At 31 March 2017

8,084

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade debtors

3,421

6,176

Other debtors

1,223

4,312

4,644

10,488

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade creditors

3,914

6,533

Taxation and social security

1,042

1,145

Other creditors

1,260

5,794

6,216

13,472

7.	POST BALANCE SHEET EVENTS

An offer to purchase the entire issued share capital of the company had been accepted on 6th August

2018.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is EOM (Electrical Contractors) Ltd.