A. Alexander & Son (Electrical) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC037551 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A. Alexander & Son (Electrical) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Alexander

Mrs M F Alexander

S M Alexander

SECRETARY:

Mrs M F Alexander

REGISTERED OFFICE:

9 Cathkinview Road

Glasgow

G42 9EH

REGISTERED NUMBER:

SC037551 (Scotland)

ACCOUNTANTS:

Bell Barr & Company

Chartered Accountants

2 Stewart Street

Milngavie

Glasgow

G62 6BW

SOLICITORS:

Mitchells Roberton

George House

36 North Hanover Street

Glasgow

G1 2AD

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

436,402

444,196

436,402

444,196

CURRENT ASSETS

Stocks

24,665

53,561

Debtors

6

1,027,435

1,433,850

Cash at bank and in hand

15,866

7,662

1,067,966

1,495,073

CREDITORS

Amounts falling due within one year

7

920,201

1,491,442

NET CURRENT ASSETS

147,765

3,631

TOTAL ASSETS LESS CURRENT
LIABILITIES

584,167

447,827

CREDITORS

Amounts falling due after more than one year

8

(83,491

)

(117,583

)

PROVISIONS FOR LIABILITIES

(10,272

)

-

NET ASSETS

490,404

330,244

CAPITAL AND RESERVES

Called up share capital

800

Revaluation reserve

175,776

Retained earnings

313,828

153,668

SHAREHOLDERS' FUNDS

490,404

330,244

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2017 and were signed on its behalf by:

J K Alexander - Director

1.	STATUTORY INFORMATION

A. Alexander & Son (Electrical) Limited 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.

There were no transition adjustments required on the first time adoption of FRS 102.

The directors have reviewed the company's operating costs for the next twelve months, and the sources of funds available,

and are satisfied that the company is a going concern.

Turnover

Turnover represents net invoiced sales of goods and services, excluding VAT, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was amortised evenly over its

estimated useful life of five 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.

Freehold property

-

not provided

Improvements to property

-

4% on reducing balance

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on reducing balance

The company has adopted a policy of revaluation in respect of freehold property.

Stocks

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

items.

Amounts recoverable on contracts

When the outcome of a long term contract can be foreseen with reasonable certainty any profits are recognised with

reference to the stage of completion of the contract. Losses are provided for in full when identified.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic

financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

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.

Cash at bank

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or

less from the date of acquisition or opening of the account.

3.

EMPLOYEES

The average number of employees during the year was 39 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

192,900

AMORTISATION

At 1 April 2016

and 31 March 2017

192,900

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 April 2016

350,000

56,671

121,746

Additions

-

1,702

At 31 March 2017

350,000

56,671

123,448

DEPRECIATION

At 1 April 2016

-

22,985

119,564

Charge for year

-

1,347

813

Eliminated on disposal

-

At 31 March 2017

-

24,332

120,377

NET BOOK VALUE

At 31 March 2017

350,000

32,339

3,071

At 31 March 2016

350,000

33,686

2,182

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2016

155,864

39,482

723,763

Additions

20,911

4,193

26,806

Disposals

(12,635

)

-

(12,635

)

At 31 March 2017

164,140

43,675

737,934

DEPRECIATION

At 1 April 2016

101,937

35,081

279,567

Charge for year

29,605

2,835

34,600

Eliminated on disposal

(12,635

)

-

(12,635

)

At 31 March 2017

118,907

37,916

301,532

NET BOOK VALUE

At 31 March 2017

45,233

5,759

436,402

At 31 March 2016

53,927

4,401

444,196

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

938,715

1,291,971

Amounts recoverable on contract

65,850

111,066

Other debtors

22,870

30,813

1,027,435

1,433,850

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Bank loans and overdrafts

257,035

301,967

Hire purchase contracts

28,282

26,452

Trade creditors

357,659

779,704

Taxation and social security

132,227

23,081

Other creditors

144,998

360,238

920,201

1,491,442

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

Bank loans

69,648

89,918

Hire purchase contracts

13,843

27,665

83,491

117,583

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

9,918