Company Registration No. 06251485 (England and Wales)
A & S ELECTRICAL SERVICES (MIDLANDS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
A & S ELECTRICAL SERVICES (MIDLANDS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
A & S ELECTRICAL SERVICES (MIDLANDS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
10,836
12,701
Current assets
Stocks
5,410
2,444
Debtors
81,922
112,049
Cash at bank and in hand
78,951
50,208
166,283
164,701
Creditors: amounts falling due within one year
(113,824)
(138,266)
Net current assets
52,459
26,435
Total assets less current liabilities
63,295
39,136
Provisions for liabilities
(2,167)
(2,541)
61,128
36,595
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
61,126
36,593
Shareholders' funds
61,128
36,595
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 December 2016
Mr P Argue
Director
Company Registration No. 06251485
A & S ELECTRICAL SERVICES (MIDLANDS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% Straight line
Computer equipment
20% Straight line
Motor vehicles
20% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
22,869
Additions
833
At 31 March 2016
23,702
Depreciation
At 1 April 2015
10,168
Charge for the year
2,698
At 31 March 2016
12,866
Net book value
At 31 March 2016
10,836
At 31 March 2015
12,701
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2