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REGISTERED NUMBER: 05870310















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

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 2019




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 2019







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 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 29,825 34,009
29,825 34,009

CURRENT ASSETS
Stocks 4,866 -
Debtors 1,153 13,257
Cash at bank 15,658 4,034
21,677 17,291
CREDITORS
Amounts falling due within one year 19,983 17,998
NET CURRENT ASSETS/(LIABILITIES) 1,694 (707 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,519

33,302

PROVISIONS FOR LIABILITIES 4,696 3,536
NET ASSETS 26,823 29,766

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,723 29,666
SHAREHOLDERS' FUNDS 26,823 29,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 2019


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 Income Statement and an abridged Balance Sheet for the year ended 31 July 2019 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 23 April 2020 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 2019

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 2019

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 (2018 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2018
and 31 July 2019 20,000
AMORTISATION
At 1 August 2018
and 31 July 2019 20,000
NET BOOK VALUE

At 31 July 2019 -
At 31 July 2018 -

NSB HEARNE ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 05870310)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2019

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2018 57,638
Additions 1,431
At 31 July 2019 59,069
DEPRECIATION
At 1 August 2018 23,629
Charge for year 5,615
At 31 July 2019 29,244
NET BOOK VALUE
At 31 July 2019 29,825
At 31 July 2018 34,009

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £17,000 (2018 - £12,000) were paid to the director .