A.A. Electrical Installations Services Limited

Contents
	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 04825462

		2018		2017
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		702

			-		702
CURRENT ASSETS
Debtors	5	125,963		187,975
Cash at bank and in hand		94,867		122,773

		220,830		310,748
Creditors: Amounts Falling Due Within One Year	6	(114,160 )		(167,655 )

NET CURRENT ASSETS (LIABILITIES)			106,670		143,093

TOTAL ASSETS LESS CURRENT LIABILITIES			106,670		143,795

NET ASSETS			106,670		143,795

CAPITAL AND RESERVES
Called up share capital	7		100		100
Income Statement			106,570		143,695

SHAREHOLDERS' FUNDS			106,670		143,795

Page 1

Statement of Financial Position (continued)

As at 31 July 2018

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

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.

On behalf of the board

Mr Anthony Adcock

20/04/2019

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 the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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	Over 5 years
Motor Vehicles	Over 4 years

1.4. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.5. 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 statement of financial position 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 statement of financial position date.

1.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

Page 3

A.A. Electrical Installations Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2018

1.7. Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

1.8. Registrar Filing Requirements

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

3. Average Number of Employees

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

	2018	2017
Office and administration	7	6

	7	6

4. Tangible Assets


	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 August 2017	5,852	14,945	20,797

As at 31 July 2018	5,852	14,945	20,797

Depreciation
As at 1 August 2017	5,852	14,243	20,095
Provided during the period	-	702	702

As at 31 July 2018	5,852	14,945	20,797

Net Book Value
As at 31 July 2018	-	-	-

As at 1 August 2017	-	702	702

Page 4

A.A. Electrical Installations Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2018

5. Debtors

	2018	2017
	£	£
Due within one year
Trade debtors	122,528	187,304
Prepayments and accrued income	3,435	671

	125,963	187,975

6. Creditors: Amounts Falling Due Within One Year

	2018	2017
	£	£
Trade creditors	32,450	59,691
Corporation tax	21,932	23,719
PAYE And NIC	2,794	10,686
VAT	37,634	51,828
CIS Liability	5,121	8,828
Pension liability	149	20
Accruals and deferred income	6,000	6,000
Directors' loan accounts	8,080	6,883

	114,160	167,655

7. Share Capital

	2018		2017
Allotted, Called up and fully paid	100		100

8. Dividends

	2018	2017
	£	£
On equity shares:
Final dividend paid	120,000	120,000

	120,000	120,000

9. Ultimate Controlling Party

The company's ultimate controlling party is Mr & Mrs Adcock by virtue of ownership of 52% of the issued share capital in the company.

Page 5

A.A. Electrical Installations Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2018

10. General Information

A.A. Electrical Installations Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04825462. The registered office is 54 Cherry Crescent, Brentford, Middlesex, TW8 8NN.