A & R ELECTRICAL (WALES) LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 06739884 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

A & R ELECTRICAL (WALES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Davies

A Vaughan

SECRETARY:

REGISTERED OFFICE:

15 Alder Road

Neath

West Glamorgan

SA11 3NY

REGISTERED NUMBER:

06739884 (England and Wales)

ACCOUNTANTS:

Fergusons & Peters

Min Yr Afon

4 High Street

Pontardawe

Swansea

SA8 4HU

FIXED ASSETS

Tangible assets

4

26,074

5,427

CURRENT ASSETS

Stocks

9,035

5,870

Debtors

5

42,285

62,574

Cash at bank

67,126

59,432

118,446

127,876

CREDITORS

Amounts falling due within one year

6

67,393

85,589

NET CURRENT ASSETS

51,053

42,287

TOTAL ASSETS LESS CURRENT
LIABILITIES

77,127

47,714

PROVISIONS FOR LIABILITIES

1,627

1,085

NET ASSETS

75,500

46,629

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

75,400

46,529

SHAREHOLDERS' FUNDS

75,500

46,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 17 April 2019 and were signed on its behalf by:

R Davies - Director

A Vaughan - Director

1.	STATUTORY INFORMATION

A & R ELECTRICAL (WALES) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 number of employees during the year was 7 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 December 2017

-

40,388

Additions

17,511

7,134

24,645

Disposals

-

(22,380

)

(22,380

)

At 30 November 2018

17,511

25,142

42,653

DEPRECIATION

At 1 December 2017

-

34,961

Charge for year

-

593

Eliminated on disposal

-

(18,975

)

(18,975

)

At 30 November 2018

-

16,579

NET BOOK VALUE

At 30 November 2018

17,511

8,563

26,074

At 30 November 2017

-

5,427

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

Trade debtors

33,190

43,482

Other debtors

9,095

19,092

42,285

62,574

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

Trade creditors

23,141

25,441

Taxation and social security

44,252

60,148

67,393

85,589