A.A.K Electrical Installations Ltd - Accounts to registrar

REGISTERED NUMBER: 07216746 (England and Wales)

A.A.K ELECTRICAL INSTALLATIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Knowles

K B Watson

A M O'Hara

REGISTERED OFFICE:

Mr A Knowles

26 Scape View

Golcar

Huddersfield

West Yorkshire

HD7 4DH

REGISTERED NUMBER:

07216746 (England and Wales)

ACCOUNTANTS:

BPR Heaton

Chartered Accountants

27a Lidget Hill

Pudsey

Leeds

West Yorkshire

LS28 7LG

FIXED ASSETS

Tangible assets

4

50,304

38,116

CURRENT ASSETS

Debtors

5

214,483

135,366

Cash at bank and in hand

459,976

377,698

674,459

513,064

CREDITORS

Amounts falling due within one year

6

160,326

66,766

NET CURRENT ASSETS

514,133

446,298

TOTAL ASSETS LESS CURRENT
LIABILITIES

564,437

484,414

PROVISIONS FOR LIABILITIES

7

9,558

-

NET ASSETS

554,879

484,414

CAPITAL AND RESERVES

Called up share capital

8

3

Retained earnings

554,876

484,411

SHAREHOLDERS' FUNDS

554,879

484,414

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 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 18 August 2017 and were signed on its
behalf by:

K B Watson - Director

1.	STATUTORY INFORMATION

A.A.K Electrical Installations Ltd 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.

Transition to FRS

The significant accounting policies applied in the preparation of these financial statements are set out

below. The company adopted FRS 102 Section 1A in the current year and prior year financial

statements have been re-stated accordingly.

The directors have considered all restatements required for the transition to FRS 102 and are of the

opinion no such items exist.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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 8 (2016 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 May 2016

3,515

790

59,094

1,771

65,170

Additions

-

37,145

-

37,145

Disposals

-

(16,450

)

-

(16,450

)

At 30 April 2017

3,515

790

79,789

1,771

85,865

DEPRECIATION

At 1 May 2016

2,855

643

22,403

1,153

27,054

Charge for year

165

37

16,402

124

16,728

Eliminated on disposal

-

(8,221

)

-

(8,221

)

At 30 April 2017

3,020

680

30,584

1,277

35,561

NET BOOK VALUE

At 30 April 2017

495

110

49,205

494

50,304

At 30 April 2016

660

147

36,691

618

38,116

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

89,983

35,366

Other debtors

107,000

100,000

Prepayments and accrued income

17,500

-

214,483

135,366

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Taxation

59,029

42,179

Social security and other taxes

7,750

4,583

VAT

74,832

11,526

Other creditors

12,472

4,764

Directors' loan accounts

3,743

3,119

Accrued expenses

2,500

595

160,326

66,766

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

Deferred tax

9,558

-

Deferred

tax

£

Charge to Income Statement during year

9,558

Balance at 30 April 2017

9,558

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

3

Ordinary

£1

3

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £169,500 (2016 - £147,000) were paid to the directors .