Registered Number 02586898
ACCEL POWER SUPPLIES LIMITED
Abbreviated Accounts
29 February 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and buildings Leasehold Straight line over the term of the lease
Plant and machinery 25% Reducing balance
Fixtures, fittings & equipment 25% Reducing balance
Computer equipment 33.33% Straight line
Other accounting policies
Revenue is recognised as completed orders are shipped to customers.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
£ | |
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Cost | |
At 1 March 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 29 February 2016 |
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Depreciation | |
At 1 March 2015 |
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Charge for the year |
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On disposals |
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At 29 February 2016 |
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Net book values | |
At 29 February 2016 | 1,028 |
At 28 February 2015 | 1,355 |
4Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 March 2015: | £ |
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Advances or credits made: | ||
Advances or credits repaid: | £ |
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Balance at 29 February 2016: | £ |
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 March 2015: | £ |
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Advances or credits made: | ||
Advances or credits repaid: | £ |
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Balance at 29 February 2016: | £ |