Company Registration No. 09176110 (England and Wales)
APC Electrical (Cardiff) Ltd
Unaudited accounts
for the year ended 31 July 2018
APC Electrical (Cardiff) Ltd
Unaudited accounts
Contents
APC Electrical (Cardiff) Ltd
Company Information
for the year ended 31 July 2018
Company Number
09176110 (England and Wales)
Registered Office
Villa House
7 Herbert Terrace
Penarth
CF64 2AH
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
APC Electrical (Cardiff) Ltd
Statement of financial position
as at 31 July 2018
Intangible assets
12,000
14,000
Tangible assets
2,550
4,001
Cash at bank and in hand
5,637
4,788
Creditors: amounts falling due within one year
(5,373)
(5,046)
Net current assets
11,290
8,708
Total assets less current liabilities
25,840
26,709
Provisions for liabilities
Called up share capital
20,000
20,000
Profit and loss account
5,840
6,452
Shareholders' funds
25,840
26,452
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 1 November 2018.
Andrew Cross
Director
Company Registration No. 09176110
APC Electrical (Cardiff) Ltd
Notes to the Accounts
for the year ended 31 July 2018
APC Electrical (Cardiff) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09176110. The registered office is Villa House, 7 Herbert Terrace, Penarth, CF64 2AH.
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:
Plant & machinery
48 months
Computer equipment
36 months
Goodwill, being the amount paid in connection with the acquisition of the business, is being written off evenly over its estimated useful life of ten years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
APC Electrical (Cardiff) Ltd
Notes to the Accounts
for the year ended 31 July 2018
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2017
2,947
6,000
-
8,947
At 31 July 2018
2,947
6,000
820
9,767
At 1 August 2017
1,571
3,375
-
4,946
Charge for the year
589
1,500
182
2,271
At 31 July 2018
2,160
4,875
182
7,217
At 31 July 2018
787
1,125
638
2,550
At 31 July 2017
1,376
2,625
-
4,001
Accrued income and prepayments
1,026
-
Other debtors
10,000
8,966
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
2,951
2,016
APC Electrical (Cardiff) Ltd
Notes to the Accounts
for the year ended 31 July 2018
Allotted, called up and fully paid:
20,000 Ordinary shares of £1 each
20,000
20,000
9
Average number of employees
During the year the average number of employees was 2 (2017: 2).