Active Electrical Services Limited

Contents
	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—6

Registered number: 04431540

		2018		2017
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		143,097		174,012
Investments	7		1		1

			143,098		174,013
CURRENT ASSETS
Stocks		81,000		82,500
Debtors		283,458		247,168
Cash at bank and in hand		196,790		240,207

		561,248		569,875
Creditors: Amounts Falling Due Within One Year		(354,702 )		(330,314 )

NET CURRENT ASSETS (LIABILITIES)			206,546		239,561

TOTAL ASSETS LESS CURRENT LIABILITIES			349,644		413,574

Creditors: Amounts Falling Due After More Than One Year			(36,545)		(62,758)

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(15,785 )		(24,422 )

NET ASSETS			297,314		326,394

CAPITAL AND RESERVES
Called up share capital	10		35,000		35,000
Profit and Loss Account			262,314		291,394

SHAREHOLDERS' FUNDS			297,314		326,394

Page 1

Abridged Balance Sheet (continued)

As at 31 March 2018

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2018 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Keith Rowe

20 December 2018

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with FRS 102 section 1A small entities.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33.3% on cost

1.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

1.5. Stocks and Work in Progress

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 stocks.

1.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

Page 3

Active Electrical Services Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2018

4. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2018	2017
Sales, marketing and distribution	35	36

	35	36

6. Tangible Assets


	Total
	£
Cost
As at 1 April 2017	563,440
Additions	45,290
Disposals	(35,055 )

As at 31 March 2018	573,675

Depreciation
As at 1 April 2017	389,428
Provided during the period	68,292
Disposals	(27,142 )

As at 31 March 2018	430,578

Net Book Value
As at 31 March 2018	143,097

As at 1 April 2017	174,012

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2018	2017
	£	£
Motor Vehicles	110,700	145,537

	110,700	145,537

Page 4

Active Electrical Services Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2018

7. Investments

	Total
	£
Cost
As at 1 April 2017	1

As at 31 March 2018	1

Provision
As at 1 April 2017	-

As at 31 March 2018	-

Net Book Value
As at 31 March 2018	1

As at 1 April 2017	1

The company's investment at the Balance Sheet date includes 1 ordinary share of £1 in Henley Electrical Services Limited. This represents 100% of the issued share capital of Henley Electrical Services Limited, a company which was dormant throughout the year.

8. Obligations Under Finance Leases and Hire Purchase

	2018	2017
	£	£
The maturity of these amounts is as follows:
Amounts Payable:
Within one year	49,855	57,381
Between one and five years	36,545	62,758

	86,400	120,139

	86,400	120,139

9. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances

	2018	2017
	£	£
Deferred tax	15,785	24,422

	15,785	24,422

Page 5

Active Electrical Services Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2018

10. Share Capital

	2018		2017
Allotted, Called up and fully paid	35,000		35,000

	Value	Number	2018	2017
Allotted, called up and fully paid	£		£	£
Ordinary A shares	1	19250	19,250	19,250

Ordinary B shares	1	15750	15,750	15,750




		35000	35,000	35,000

11. General Information

Active Electrical Services Limited Registered number 04431540 is a private company limited by shares incorporated in England & Wales. The Registered Office is Unit 6/9 Rawcliffe House, Howarth Road, Maidenhead, SL6 1AP.

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