3131 ELECTRICAL LTD

Company Registration Number:
NI634873 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

3131 ELECTRICAL LTD

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

3131 ELECTRICAL LTD

Balance sheet

As at 31 March 2018


Notes
2018
16 months to 31 March 2017


£
£
Fixed assets
Tangible assets: 3 64,046 13,914
Total fixed assets: 64,046 13,914
Current assets
Stocks: 112,650
Debtors:   185,679 25,387
Cash at bank and in hand: 8,017
Total current assets: 306,346 25,387
Creditors: amounts falling due within one year:   (195,693) (38,276)
Net current assets (liabilities): 110,653 (12,889)
Total assets less current liabilities: 174,699 1,025
Total net assets (liabilities): 174,699 1,025
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 174,599 925
Shareholders funds: 174,699 1,025

The notes form part of these financial statements

3131 ELECTRICAL LTD

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 August 2018
and signed on behalf of the board by:

Name: Mark McCready
Status: Director

The notes form part of these financial statements

3131 ELECTRICAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less residual value, of each asset systematically over it's expected useful life, as follows:Plant and machinery-15% reducing balanceMotor vehicles-20% reducing balance

Other accounting policies

Stock on handStock on hand is valued at the lower of cost or net realiasable value.

3131 ELECTRICAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 16 months to 31 March 2017
Average number of employees during the period 4 4

3131 ELECTRICAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Tangible Assets

Total
Cost £
At 01 April 2017 20,557
Additions 66,490
Disposals (6,155)
At 31 March 2018 80,892
Depreciation
At 01 April 2017 6,643
Charge for year 12,636
On disposals (2,433)
At 31 March 2018 16,846
Net book value
At 31 March 2018 64,046
At 31 March 2017 13,914