IRIS Accounts Production v21.1.0.652 05870310 director 1.8.19 31.7.20 31.7.20 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 05870310 2019-07-31 05870310 2020-07-31 05870310 2019-08-01 2020-07-31 05870310 2018-07-31 05870310 2018-08-01 2019-07-31 05870310 2019-07-31 05870310 ns15:PoundSterling 2019-08-01 2020-07-31 05870310 ns11:Director1 2019-08-01 2020-07-31 05870310 ns11:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31 05870310 ns11:SmallEntities 2019-08-01 2020-07-31 05870310 ns11:AuditExempt-NoAccountantsReport 2019-08-01 2020-07-31 05870310 ns11:SmallCompaniesRegimeForDirectorsReport 2019-08-01 2020-07-31 05870310 ns11:SmallCompaniesRegimeForAccounts 2019-08-01 2020-07-31 05870310 ns11:AbridgedAccounts 2019-08-01 2020-07-31 05870310 1 2019-08-01 2020-07-31 05870310 ns11:RegisteredOffice 2019-08-01 2020-07-31 05870310 ns6:CurrentFinancialInstruments 2020-07-31 05870310 ns6:CurrentFinancialInstruments 2019-07-31 05870310 ns6:ShareCapital 2020-07-31 05870310 ns6:ShareCapital 2019-07-31 05870310 ns6:RetainedEarningsAccumulatedLosses 2020-07-31 05870310 ns6:RetainedEarningsAccumulatedLosses 2019-07-31 05870310 ns6:NetGoodwill 2019-08-01 2020-07-31 05870310 ns6:IntangibleAssetsOtherThanGoodwill 2019-08-01 2020-07-31 05870310 ns6:LeaseholdImprovements 2019-08-01 2020-07-31 05870310 ns6:PlantMachinery 2019-08-01 2020-07-31 05870310 ns6:MotorVehicles 2019-08-01 2020-07-31
REGISTERED NUMBER: 05870310















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020

FOR

NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED

NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 05870310)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED


COMPANY INFORMATION
for the Year Ended 31 July 2020







DIRECTOR: N S B Hearne





REGISTERED OFFICE: Dormer Cottage
Waterloo Lane
Stourton Caundle
Sturminster Newton
Dorset
DT10 2JF





REGISTERED NUMBER: 05870310





ACCOUNTANTS: Evans & Co
Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL

NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 05870310)


ABRIDGED BALANCE SHEET
31 July 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 39,591 29,825
39,591 29,825

CURRENT ASSETS
Stocks 850 4,866
Debtors 1,834 1,153
Cash at bank 30,513 15,658
33,197 21,677
CREDITORS
Amounts falling due within one year 41,019 19,983
NET CURRENT (LIABILITIES)/ASSETS (7,822 ) 1,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,769

31,519

PROVISIONS FOR LIABILITIES 7,522 4,696
NET ASSETS 24,247 26,823

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,147 26,723
SHAREHOLDERS' FUNDS 24,247 26,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 05870310)


ABRIDGED BALANCE SHEET - continued
31 July 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 7 April 2021 and were signed by:





N S B Hearne - Director


NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 05870310)


NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2020

1. STATUTORY INFORMATION

NSB Hearne Electrical Contractors Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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.


NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 05870310)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2020

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2019
and 31 July 2020 20,000
AMORTISATION
At 1 August 2019
and 31 July 2020 20,000
NET BOOK VALUE

At 31 July 2020 -
At 31 July 2019 -

NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 05870310)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2020

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2019 59,069
Additions 17,077
At 31 July 2020 76,146
DEPRECIATION
At 1 August 2019 29,244
Charge for year 7,311
At 31 July 2020 36,555
NET BOOK VALUE
At 31 July 2020 39,591
At 31 July 2019 29,825

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £23,200 (2019 - £17,000) were paid to the director .