A.B. Electrical Services (Hull) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04723629 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

A.B. Electrical Services (Hull) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A M Smith

SECRETARY:

Mrs A Smith

REGISTERED OFFICE:

Unit 2B Station Mills

Station Road

Cottingham

East Yorkshire

HU16 4LL

REGISTERED NUMBER:

04723629 (England and Wales)

ACCOUNTANTS:

Derede Associates Limited

14a Waterside Business Park

Livingstone Road

Hessle

East Yorkshire

HU13 0EG

BANKERS:

National Westminster Bank Plc

Willerby & Kirk Ella

The Square

Willerby

East Yorkshire

HU10 7XW

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

28,019

21,706

28,019

21,706

CURRENT ASSETS

Stocks

1,200

Debtors

198,600

145,432

Cash at bank and in hand

94,543

121,126

294,343

267,758

CREDITORS

Amounts falling due within one year

4

161,987

142,918

NET CURRENT ASSETS

132,356

124,840

TOTAL ASSETS LESS CURRENT
LIABILITIES

160,375

146,546

CREDITORS

Amounts falling due after more than one
year

4

(6,649

)

(11,376

)

PROVISIONS FOR LIABILITIES

(5,604

)

(4,341

)

NET ASSETS

148,122

130,829

CAPITAL AND RESERVES

Called up share capital

5

100

Share premium

15,999

Profit and loss account

132,023

114,730

SHAREHOLDERS' FUNDS

148,122

130,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 August 2016 and were signed by:

A M Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services and goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Revenue recognition

Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company

receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on

their fair value of the right to consideration at the balance sheet date. The value is included in debtors as

Amounts Recoverable on Contracts.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

14,226

AMORTISATION

At 1 May 2015

and 30 April 2016

14,226

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

70,723

Additions

22,888

Disposals

(14,467

)

At 30 April 2016

79,144

DEPRECIATION

At 1 May 2015

49,017

Charge for year

16,503

Eliminated on disposal

(14,395

)

At 30 April 2016

51,125

NET BOOK VALUE

At 30 April 2016

28,019

At 30 April 2015

21,706

4.

CREDITORS

Creditors include an amount of £ 11,375 (30.4.15 - £ 14,399 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

90

Ordinary

£1

90

10

Ordinary A share

£1

10

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and

30 April 2015:

30.4.16

30.4.15

£

A M Smith

Balance outstanding at start of year

(809

)

(3,886

)

Amounts advanced

9,729

3,077

Amounts repaid

(9,000

)

-

Balance outstanding at end of year

(80

)

(809

)

This amount is interest free and repayable on demand.