REGISTERED NUMBER: 04723629 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

A.B. Electrical Services (Hull) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Smith

SECRETARY:

Mrs A Smith

REGISTERED OFFICE:

Unit 2B Station Mills

Station Road

Cottingham

East Yorkshire

HU16 4LL

REGISTERED NUMBER:

04723629 (England and Wales)

ACCOUNTANTS:

Derede Associates Limited

Unit 14a Waterside Business Park

Livingstone Road

Hessle

East Yorkshire

HU13 0EG

BANKERS:

National Westminster Bank Plc

Willerby & Kirk Ella

The Square

Willerby

East Yorkshire

HU10 7XW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,448

28,019

19,448

28,019

CURRENT ASSETS

Stocks

1,200

1,200

Debtors

194,052

198,600

Cash at bank and in hand

129,661

94,543

324,913

294,343

CREDITORS

Amounts falling due within one year

159,687

161,987

NET CURRENT ASSETS

165,226

132,356

TOTAL ASSETS LESS CURRENT LIABILITIES

184,674

160,375

CREDITORS

Amounts falling due after more than one year

-

(6,649

)

PROVISIONS FOR LIABILITIES

(3,890

)

(5,604

)

NET ASSETS

180,784

148,122

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

15,999

15,999

Retained earnings

164,685

132,023

SHAREHOLDERS' FUNDS

180,784

148,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 29 January 2018 and were signed by:

A M Smith - Director

1.	STATUTORY INFORMATION

A.B. Electrical Services (Hull) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services and goods, excluding value added tax.

Revenue Recognition

Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company

receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on

their fair value of the right to consideration at the balance sheet date. The value is included in debtors as

Amounts Recoverable on Contracts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine

whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the

recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where

it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount

of the cash-generating unit to which the asset belongs.

Stocks

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

slow moving items. Overheads are charged to profit and loss as incurred. Net realisable value is based on the

estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which its

related revenue is recognised. The amount of any write-down of stocks to net realisable value and losses of

stocks are recognised as an expenses in the period in which the write-down or loss occurs. The amount of any

reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an

expense in the period in which the reversal occurs.

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

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 12 (2016 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

and 30 April 2017

14,226

AMORTISATION

At 1 May 2016

and 30 April 2017

14,226

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

79,144

Additions

9,278

Disposals

(19,245

)

At 30 April 2017

69,177

DEPRECIATION

At 1 May 2016

51,125

Charge for year

10,758

Eliminated on disposal

(12,154

)

At 30 April 2017

49,729

NET BOOK VALUE

At 30 April 2017

19,448

At 30 April 2016

28,019

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

Totals

£

COST

At 1 May 2016

24,062

Disposals

(13,480

)

Transfer to ownership

(10,582

)

At 30 April 2017

-

DEPRECIATION

At 1 May 2016

20,692

Eliminated on disposal

(10,110

)

Transfer to ownership

(10,582

)

At 30 April 2017

-

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

3,370

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

30.4.17

30.4.16

£

£

Net obligations repayable:

Within one year

-

4,726

Between one and five years

-

6,649

-

11,375

Non-cancellable operating

leases

30.4.17

30.4.16

£

£

Within one year

-

3,586

Between one and five years

5,898

-

5,898

3,586

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

30.4.16

£

£

Hire purchase contracts

-

11,375

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and

30 April 2016:

30.4.17

30.4.16

£

£

A M Smith

Balance outstanding at start of year

(80

)

(809

)

Amounts advanced

10,023

9,729

Amounts repaid

(10,000

)

(9,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(57

)

(80

)

This amount is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £23,000 (2016 - £26,850) were paid to the director .

Mr A Smith, is also a director of AB Mechanical Services (Hull) Ltd, services were provided during the year by

AB Mechanical Services (Hull) Ltd to A.B. Electrical Services (Hull) Ltd to the value of £12,750. At the year

ending 30th April 2017, A.B. Electrical Services (Hull) Ltd owed the company £15,300 (2016 - £Nil) in respect

of these services.

At the year ending 30th April 2017, AB Mechanical Services (Hull) Ltd owed A.B. Electrical Services (Hull)

Ltd £15,795 (2016 - £Nil).

10.	ULTIMATE CONTROLLING PARTY

11.	FIRST YEAR ADOPTION

On transition to FRS102 the company has taken advantage of the following transitional relief:

- Not to disclose the reconciliation of equity and profit and loss due to no subsequent changes.

- Not to include immaterial employee benefits accruing at the balance sheet date.