REGISTERED NUMBER: SC312674 (Scotland)

A CAMPBELL ELECTRICAL SERVICES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr 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

132,803

145,457

CURRENT ASSETS

Debtors

5

146,759

116,710

Cash at bank

69,353

117,184

216,112

233,894

CREDITORS

Amounts falling due within one year

6

198,326

183,534

NET CURRENT ASSETS

17,786

50,360

TOTAL ASSETS LESS CURRENT LIABILITIES

150,589

195,817

CREDITORS

Amounts falling due after more than one year

7

25,506

41,332

NET ASSETS

125,083

154,485

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

125,082

154,484

SHAREHOLDERS' FUNDS

125,083

154,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 19 December 2017 and were signed on its behalf by:

Mr 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 15 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2016

152,409

193,426

345,835

Additions

-

36,390

36,390

Disposals

-

(21,255

)

(21,255

)

At 31 October 2017

152,409

208,561

360,970

DEPRECIATION

At 1 November 2016

89,429

110,949

200,378

Charge for year

12,596

27,480

40,076

Eliminated on disposal

-

(12,287

)

(12,287

)

At 31 October 2017

102,025

126,142

228,167

NET BOOK VALUE

At 31 October 2017

50,384

82,419

132,803

At 31 October 2016

62,980

82,477

145,457

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

Plant and

machinery

etc

£

COST

At 1 November 2016

113,883

Additions

28,195

Disposals

(21,255

)

At 31 October 2017

120,823

DEPRECIATION

At 1 November 2016

49,556

Charge for year

20,895

Eliminated on disposal

(12,287

)

At 31 October 2017

58,164

NET BOOK VALUE

At 31 October 2017

62,659

At 31 October 2016

64,327

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

146,759

116,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans and overdrafts

7,000

7,000

Hire purchase contracts

21,581

29,339

Trade creditors

76,132

55,057

Taxation and social security

52,822

51,760

Other creditors

40,791

40,378

198,326

183,534

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans

7,577

14,583

Hire purchase contracts

17,929

26,749

25,506

41,332

8.

RESERVES

Retained

earnings

£

At 1 November 2016

154,484

Profit for the year

38,598

Dividends

(68,000

)

At 31 October 2017

125,082

9.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.