Company Registration No. 6803210 (England and Wales)
TRAFALGAR ENERGY SOLUTIONS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018
TRAFALGAR ENERGY SOLUTIONS LIMITED
COMPANY INFORMATION
Director
T Griffin
Company number
6803210
Registered office
One
Carriage Place
London
SW16 6QF
TRAFALGAR ENERGY SOLUTIONS LIMITED
CONTENTS
Page
Director's report
1
Profit and loss account
2
Balance sheet
3
Notes to the financial statements
4 - 6
The following pages do not form part of the statutory accounts:
Detailed trading and profit and loss account
7 - 8
TRAFALGAR ENERGY SOLUTIONS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2018
- 1 -
The director presents his annual report and financial statements for the year ended 31 January 2018.
Principal activities
The principal activity of the company is that of General builders
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
T Griffin
Results and dividends
No ordinary dividends were paid.
Director's interests
The director's interest in the shares of the company was as stated below:
Ordinary of £1 each
31 January 2018
31 January 2017
T Griffin
1
1
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
T Griffin
Director
13 November 2018
TRAFALGAR ENERGY SOLUTIONS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2018
- 2 -
2018
2017
Notes
£
£
Turnover
49,336
17,088
Cost of sales
(34,930)
(12,103)
Gross profit
14,406
4,985
Administrative expenses
(11,472)
(9,585)
Profit/(loss) before taxation
2,934
(4,600)
Taxation
-
-
Profit/(loss) for the financial year
2,934
(4,600)
TRAFALGAR ENERGY SOLUTIONS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2018
31 January 2018
- 3 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,746
3,661
Current assets
Stock and work in progress
1,110
6,530
Debtors
3
10,166
1,424
Cash at bank and in hand
315
298
11,591
8,252
Creditors: amounts falling due within one year
4
(15,373)
(15,883)
Net current liabilities
(3,782)
(7,631)
Total assets less current liabilities
(1,036)
(3,970)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(1,037)
(3,971)
Total equity
(1,036)
(3,970)
For the financial year ended 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Director's responsibilities:
The members have not required the company to obtain an audit of its 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 financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 13 November 2018
T Griffin
Director
Company Registration No. 6803210
TRAFALGAR ENERGY SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018
- 4 -
1
Accounting policies
Company information
Trafalgar Energy Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is One, Carriage Place, London, SW16 6QF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
Office Equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
TRAFALGAR ENERGY SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2018
- 5 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2017 and 31 January 2018
12,727
Depreciation and impairment
At 1 February 2017
9,066
Depreciation charged in the year
915
At 31 January 2018
9,981
Carrying amount
At 31 January 2018
2,746
At 31 January 2017
3,661
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
10,166
1,424
4
Creditors: amounts falling due within one year
2018
2017
£
£
Bank loans and overdrafts
2,941
2,979
Trade creditors
396
6,722
Other taxation and social security
8,736
1,601
Other creditors
3,300
4,581
15,373
15,883
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
1 Ordinary of £1 each
1
1
TRAFALGAR ENERGY SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2018
(Continued)
- 6 -
TRAFALGAR ENERGY SOLUTIONS LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2018
- 7 -
2018
2017
£
£
£
£
Turnover
Work done
49,336
17,088
Cost of sales
Opening stock and work in progress
6,530
2,910
Materials and Tools
4,754
1,313
Closing stock and work in progress
(1,110)
(6,530)
Subcontractors
-
1,800
Subcontracted services
24,756
12,610
(34,930)
(12,103)
Gross profit
14,406
4,985
Administrative expenses
(11,472)
(9,585)
Operating profit/(loss)
2,934
(4,600)
TRAFALGAR ENERGY SOLUTIONS LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 JANUARY 2018
- 8 -
2018
2017
£
£
Administrative expenses
Rent
1,200
695
Repairs and renewals
842
267
Motor and travel expenses
4,953
3,869
Accountancy
850
800
Bank charges
745
834
Insurance
629
393
Hire Purchase interest
393
674
Printing.postage and stationery
11
62
Mobile Telephone
863
750
Sundry expenses
71
20
Depreciation
915
1,221
11,472
9,585