IRIS Accounts Production v18.3.0.592 03137214 Board of Directors Board of Directors 1.6.17 31.5.18 31.5.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031372142017-05-31031372142018-05-31031372142017-06-012018-05-31031372142016-05-31031372142016-06-012017-05-31031372142017-05-3103137214ns15:EnglandWales2017-06-012018-05-3103137214ns14:PoundSterling2017-06-012018-05-3103137214ns10:Director12017-06-012018-05-3103137214ns10:Director22017-06-012018-05-3103137214ns10:PrivateLimitedCompanyLtd2017-06-012018-05-3103137214ns10:SmallEntities2017-06-012018-05-3103137214ns10:AuditExempt-NoAccountantsReport2017-06-012018-05-3103137214ns10:SmallCompaniesRegimeForDirectorsReport2017-06-012018-05-3103137214ns10:SmallCompaniesRegimeForAccounts2017-06-012018-05-3103137214ns10:AbridgedAccounts2017-06-012018-05-3103137214ns10:RegisteredOffice2017-06-012018-05-3103137214ns5:CurrentFinancialInstruments2018-05-3103137214ns5:CurrentFinancialInstruments2017-05-3103137214ns5:Non-currentFinancialInstruments2018-05-3103137214ns5:Non-currentFinancialInstruments2017-05-3103137214ns5:ShareCapital2018-05-3103137214ns5:ShareCapital2017-05-3103137214ns5:CapitalRedemptionReserve2018-05-3103137214ns5:CapitalRedemptionReserve2017-05-3103137214ns5:RetainedEarningsAccumulatedLosses2018-05-3103137214ns5:RetainedEarningsAccumulatedLosses2017-05-3103137214ns5:LandBuildingsns5:ShortLeaseholdAssets2017-06-012018-05-3103137214ns5:PlantMachinery2017-06-012018-05-3103137214ns5:FurnitureFittings2017-06-012018-05-3103137214ns5:MotorVehicles2017-06-012018-05-31


REGISTERED NUMBER: 03137214 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

BOURNE ELECTRICAL CONTRACTORS LIMITED

BOURNE ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03137214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BOURNE ELECTRICAL CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







DIRECTORS: S Etchells
A Elliott





REGISTERED OFFICE: Unit 703 Lowfield Drive
Centre 500
Wolstanton
Newcastle
Staffordshire
ST5 0UU





REGISTERED NUMBER: 03137214 (England and Wales)





ACCOUNTANTS: Barringtons Limited
Chartered Accountants
570-572 Etruria
Road, Basford
Newcastle
Staffordshire
ST5 0SU

BOURNE ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03137214)

ABRIDGED BALANCE SHEET
31 MAY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,011 77,948

CURRENT ASSETS
Stocks 52,563 78,472
Debtors 404,109 435,763
Cash at bank and in hand 382,169 196,517
838,841 710,752
CREDITORS
Amounts falling due within one year 546,260 451,706
NET CURRENT ASSETS 292,581 259,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,592

336,994

CREDITORS
Amounts falling due after more than one
year

(102,432

)

(165,826

)

PROVISIONS FOR LIABILITIES (12,925 ) (10,331 )
NET ASSETS 307,235 160,837

CAPITAL AND RESERVES
Called up share capital 72 72
Capital redemption reserve 30 30
Retained earnings 307,133 160,735
SHAREHOLDERS' FUNDS 307,235 160,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

BOURNE ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03137214)

ABRIDGED BALANCE SHEET - continued
31 MAY 2018


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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 5 November 2018 and were signed on its behalf
by:




A Elliott - Director



S Etchells - Director


BOURNE ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03137214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1. STATUTORY INFORMATION

Bourne Electrical Contractors Limited 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

BOURNE ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03137214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Employer-financed retirement benefit scheme (efrbs)
The company has established trusts for the benefit of employees and persons connected with them. Monies held
in these trusts are held by independent trustees and managed at their discretion. The trustees are empowered to
provide both retirement and other employee benefits.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of
the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an
allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust
vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees' past services to the
business and the company can obtain no future economic benefit from those monies,such monies whether in the
trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.

Where monies held in a trust are determined by the company on the basis of employees' past services to the
business and are payable after completion of the employment, such monies are charged to the profit and loss
account in the period during which services are rendered by the employees.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2017 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2017 245,136
Additions 131,737
Disposals (85,227 )
At 31 May 2018 291,646
DEPRECIATION
At 1 June 2017 167,188
Charge for year 43,387
Eliminated on disposal (48,940 )
At 31 May 2018 161,635
NET BOOK VALUE
At 31 May 2018 130,011
At 31 May 2017 77,948

BOURNE ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03137214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2017 69,980
Additions 131,737
Disposals (29,081 )
At 31 May 2018 172,636
DEPRECIATION
At 1 June 2017 24,737
Charge for year 40,156
Eliminated on disposal (12,723 )
At 31 May 2018 52,170
NET BOOK VALUE
At 31 May 2018 120,466
At 31 May 2017 45,243

5. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 143,488 56,079

6. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £1,320 (2017 £79,446).

7. ULTIMATE CONTROLLING PARTY

The Directors are the ultimate controlling party by virtue of their shareholdings as disclosed in the Directors
report.