Company Registration No. 09291662 (England and Wales)
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Unaudited accounts
for the year ended 31 October 2018
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Unaudited accounts
Contents
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Company Information
for the year ended 31 October 2018
Directors
Peter Albutt
Sally Albutt
Company Number
09291662 (England and Wales)
Registered Office
19 BELVOIR ROAD
BROMSGROVE
WORCS
B60 2SJ
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Statement of financial position
as at
31 October 2018
Tangible assets
10,985
13,731
Cash at bank and in hand
1,942
3,998
Creditors: amounts falling due within one year
(6,190)
(6,208)
Net current assets
6,061
1,610
Total assets less current liabilities
17,046
15,341
Creditors: amounts falling due after more than one year
(10,985)
(13,731)
Called up share capital
100
100
Profit and loss account
5,961
1,510
Shareholders' funds
6,061
1,610
For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 July 2019.
Peter Albutt
Director
Company Registration No. 09291662
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Notes to the Accounts
for the year ended 31 October 2018
PETE ALBUTT ELECTRICAL CONSULTANCY LTD is a private company, limited by shares, registered in England and Wales, registration number 09291662. The registered office is 19 BELVOIR ROAD, BROMSGROVE, WORCS, B60 2SJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the directors. The director have indicated their support will continue for the foreseeable future.
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Notes to the Accounts
for the year ended 31 October 2018
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
At 1 November 2017
26,819
At 31 October 2018
26,819
At 1 November 2017
13,088
Charge for the year
2,746
At 31 October 2018
15,834
At 31 October 2018
10,985
At 31 October 2017
13,731
Trade debtors
10,209
3,720
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
6,190
6,208
7
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
10,985
13,731
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Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Mr Peter Albutt is the ultimate controlling party by virtue of his 75% shareholding.
10
Average number of employees
During the year the average number of employees was 0 (2017: 2).