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REGISTERED NUMBER: 05870310















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018

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 2018




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 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 34,009 21,271
34,009 21,271

CURRENT ASSETS
Stocks - 100
Debtors 13,257 7,385
Cash at bank 4,034 3,280
17,291 10,765
CREDITORS
Amounts falling due within one year 17,998 21,826
NET CURRENT LIABILITIES (707 ) (11,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,302

10,210

PROVISIONS FOR LIABILITIES 3,536 1,318
NET ASSETS 29,766 8,892

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,666 8,792
SHAREHOLDERS' FUNDS 29,766 8,892

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 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 Balance Sheet for the year ended 31 July 2018 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 on 26 April 2019 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 2018

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 2018

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 (2017 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2017
and 31 July 2018 20,000
AMORTISATION
At 1 August 2017
and 31 July 2018 20,000
NET BOOK VALUE

At 31 July 2018 -
At 31 July 2017 -

NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 05870310)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2018

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2017 47,757
Additions 26,041
Disposals (16,160 )
At 31 July 2018 57,638
DEPRECIATION
At 1 August 2017 26,486
Charge for year 6,132
Eliminated on disposal (8,989 )
At 31 July 2018 23,629
NET BOOK VALUE
At 31 July 2018 34,009
At 31 July 2017 21,271

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 were paid to the directors .