REGISTERED NUMBER: 05358617 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A. C. Burn Electrical Contractors

Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

A C Burn

Mrs R Burn

C A R Burn

REGISTERED OFFICE:

Unit 5

Woods Browning Industrial Estate

Respryn Road

Bodmin

Cornwall

PL31 1DQ

REGISTERED NUMBER:

05358617 (England and Wales)

ACCOUNTANTS:

Philip Coad

Accountancy and Taxation Services

Daromaba House

Clemo Road

Liskeard

Cornwall

PL14 3XA

The directors present their report with the financial statements of the company for the year ended 31 March 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2016 to the date of this report.

A C Burn

Mrs R Burn

Other changes in directors holding office are as follows:

C A R Burn - appointed 1 October 2016

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

A C Burn - Director

1 December 2017

TURNOVER

1,053,831

1,175,617

Cost of sales

837,042

934,816

GROSS PROFIT

216,789

240,801

Administrative expenses

98,889

97,660

OPERATING PROFIT

4

117,900

143,141

Interest payable and similar expenses

557

1,419

PROFIT BEFORE TAXATION

117,343

141,722

Tax on profit

24,368

26,601

PROFIT FOR THE FINANCIAL YEAR

92,975

115,121

FIXED ASSETS

Tangible assets

5

26,021

30,541

CURRENT ASSETS

Stocks

36,500

100,635

Debtors

6

89,767

133,816

Cash at bank

72,913

90,324

199,180

324,775

CREDITORS

Amounts falling due within one year

7

75,950

191,780

NET CURRENT ASSETS

123,230

132,995

TOTAL ASSETS LESS CURRENT LIABILITIES

149,251

163,536

CREDITORS

Amounts falling due after more than one year

8

-

7,810

NET ASSETS

149,251

155,726

CAPITAL AND RESERVES

Called up share capital

150

100

Retained earnings

149,101

155,626

SHAREHOLDERS' FUNDS

149,251

155,726

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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 December 2017 and were signed on its behalf by:

A C Burn - Director

1.	STATUTORY INFORMATION

A. C. Burn Electrical Contractors 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 10% reducing balance

Motor Vehicle 15% reducing balance

Stocks

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

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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 monthly number of employees during the year was 8 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.17

31.3.16

£

£

Depreciation - owned assets

4,520

5,310

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

57,703

DEPRECIATION

At 1 April 2016

27,162

Charge for year

4,520

At 31 March 2017

31,682

NET BOOK VALUE

At 31 March 2017

26,021

At 31 March 2016

30,541

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

89,657

133,816

Other debtors

110

-

89,767

133,816

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

6,140

7,530

Trade creditors

26,935

134,627

Taxation and social security

39,886

43,313

Other creditors

2,989

6,310

75,950

191,780

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

-

7,810