REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED (REGISTERED NUMBER: 01855212) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 December 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 9 |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 December 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1053 London Road |
Leigh-on-sea |
Essex |
SS9 3JP |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED (REGISTERED NUMBER: 01855212) |
BALANCE SHEET |
31 December 2021 |
2021 | 2020 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Capital redemption reserve | 12 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
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. |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED (REGISTERED NUMBER: 01855212) |
BALANCE SHEET - continued |
31 December 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED (REGISTERED NUMBER: 01855212) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 December 2021 |
1. | STATUTORY INFORMATION |
W.Robinson & Sons(Electrical Contractors) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED (REGISTERED NUMBER: 01855212) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 December 2021 |
2. | ACCOUNTING POLICIES - continued |
Provisions |
The company has made provisions in the financial statements. The directors exercise judgement in measuring and recognising provisions. The provision for warranties is estimated based on the historical returns of products by customers due to faults and damage in transit. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 January 2021 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 December 2021 |
DEPRECIATION |
At 1 January 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2021 |
and 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED (REGISTERED NUMBER: 01855212) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 December 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Bank loans |
The bank loans and overdraft are secured by way of two debentures and charges over the company's assets as follows : |
a) First charge over part of 35-41 Fowler Road Hainault, Essex IG6 3UL. |
b) First charge over rear of 35-41 Fowler Road Hainault, Essex IG6 3UL |
c) First charge over 'Saft premises', Peregrine Road, Hainault Industrial Estate, Ilford Essex. |
d) Fixed and floating charge over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and equipment. |
All of the above mentioned charges and guarantees are in favour of Barclays Bank Plc. |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED (REGISTERED NUMBER: 01855212) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 December 2021 |
10. | PROVISIONS FOR LIABILITIES |
2021 | 2020 |
£ | £ |
Deferred tax | 124,107 | 133,559 |
Other provisions | 158,918 | 138,341 |
Deferred | Other |
tax | provisions |
£ | £ |
Balance at 1 January 2021 |
Provided during year |
Credit to Income Statement during year | ( |
) |
Balance at 31 December 2021 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary A | 1 | 749 | 759 |
Ordinary B | 1 | 50 | 50 |
799 | 809 |
Each 'B' share shall not confer on each holder of the 'B' share any right to receive notice of and to attend, speak and vote at general meetings of the company. The 'B' shares will participate in any distribution in the event of a winding up of the company. |
12. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2021 | 6,821,591 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 31 December 2021 | 7,199,932 |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED (REGISTERED NUMBER: 01855212) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 December 2021 |
13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020: |
2021 | 2020 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
14. | ULTIMATE CONTROLLING PARTY |
The Company is controlled by G W Robinson. |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED |
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
W.ROBINSON & SONS(ELECTRICAL |
CONTRACTORS) LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2021 set out on pages nil to nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
1053 London Road |
Leigh-on-sea |
Essex |
SS9 3JP |