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No description of principal activity
2016-05-01
Sage Accounts Production Advanced 2017 Update 3 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
08508254
2016-05-01
2017-04-30
08508254
2017-04-30
08508254
2016-04-30
08508254
2016-04-30
08508254
core:MotorVehicles
2016-05-01
2017-04-30
08508254
bus:RegisteredOffice
2016-05-01
2017-04-30
08508254
bus:LeadAgentIfApplicable
2016-05-01
2017-04-30
08508254
bus:Director1
2016-05-01
2017-04-30
08508254
core:WithinOneYear
2017-04-30
08508254
core:WithinOneYear
2016-04-30
08508254
core:ShareCapital
2017-04-30
08508254
core:ShareCapital
2016-04-30
08508254
core:RetainedEarningsAccumulatedLosses
2017-04-30
08508254
core:RetainedEarningsAccumulatedLosses
2016-04-30
08508254
bus:FRS102
2016-05-01
2017-04-30
08508254
bus:AuditExemptWithAccountantsReport
2016-05-01
2017-04-30
08508254
bus:AbridgedAccounts
2016-05-01
2017-04-30
08508254
bus:SmallCompaniesRegimeForAccounts
2016-05-01
2017-04-30
08508254
bus:PrivateLimitedCompanyLtd
2016-05-01
2017-04-30
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
|
|
All of the members of Wayne Averill Electrical Contractor Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
08508254
WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
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FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
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WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
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ABRIDGED FINANCIAL STATEMENTS
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YEAR ENDED 30 APRIL 2017
Officers and professional advisers
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1
|
|
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Abridged statement of financial position
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2 to 3
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Notes to the abridged financial statements
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4 to 6
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|
The following pages do not form part of the abridged financial statements
Accountants report to the director on the preparation of the unaudited statutory abridged financial statements
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8
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WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
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OFFICERS AND PROFESSIONAL ADVISERS
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REGISTERED OFFICE
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23 Francis Dickens Close
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Wollaston
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Northants
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NN29 7RH
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ACCOUNTANTS
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Denton Tavara Ltd
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Accountants
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6 Alfred Street
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Rushden
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Northants
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NN10 9YS
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WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
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ABRIDGED STATEMENT OF FINANCIAL POSITION
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30 April 2017
FIXED ASSETS
Tangible assets
|
4
|
|
633
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844
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|
|
|
|
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CURRENT ASSETS
Debtors
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2,676
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1,159
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Cash at bank and in hand
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21,868
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12,058
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----------
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----------
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24,544
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13,217
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|
|
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|
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CREDITORS: amounts falling due within one year
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15,420
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14,282
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|
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----------
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----------
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NET CURRENT ASSETS/(LIABILITIES)
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9,124
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(
1,065)
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|
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--------
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--------
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TOTAL ASSETS LESS CURRENT LIABILITIES
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|
9,757
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|
(
221)
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|
|
--------
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-----
|
NET ASSETS/(LIABILITIES)
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|
9,757
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(
221)
|
|
|
--------
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|
-----
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|
|
|
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CAPITAL AND RESERVES
Called up share capital
|
|
100
|
|
100
|
Profit and loss account
|
|
9,657
|
|
(
321)
|
|
|
--------
|
|
-----
|
SHAREHOLDERS FUNDS/(DEFICIT)
|
|
9,757
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|
(
221)
|
|
|
--------
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|
-----
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|
|
|
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|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
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30 April 2017
For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
8 March 2018
, and are signed on behalf of the board by:
Company registration number:
08508254
WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
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YEAR ENDED 30 APRIL 2017
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 23 Francis Dickens Close, Wollaston, Northants, NN29 7RH.
2.
STATEMENT OF COMPLIANCE
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.
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.
Revenue recognition
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicle
|
-
|
25% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
TANGIBLE ASSETS
|
£
|
Cost
|
|
At 1 May 2016 and 30 April 2017
|
1,500
|
|
--------
|
Depreciation
|
|
At 1 May 2016
|
656
|
Charge for the year
|
211
|
|
--------
|
At 30 April 2017
|
867
|
|
--------
|
Carrying amount
|
|
At 30 April 2017
|
633
|
|
--------
|
At 30 April 2016
|
844
|
|
--------
|
|
|
5.
RELATED PARTY TRANSACTIONS
The company was under the control of
Mr W Averill
throughout the current and previous year. Mr W Averill
is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.
6.
TRANSITION TO FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 May 2015.
No transitional adjustments were required in equity or profit or loss for the year.
WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
|
|
YEAR ENDED 30 APRIL 2017
The following pages do not form part of the abridged financial statements.
WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
|
|
ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
WAYNE AVERILL ELECTRICAL CONTRACTOR LIMITED
|
|
YEAR ENDED 30 APRIL 2017
As described on the abridged statement of financial position, the director of the company is responsible for the preparation of the abridged financial statements for the year ended 30 April 2017, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Denton Tavara Ltd
Accountants
6 Alfred Street
Rushden
Northants
NN10 9YS
8 March 2018