REGISTERED NUMBER: SC351241 (Scotland)

Report of the Director and

Unaudited Financial Statements

for the Period

1 December 2011 to 28 February 2013

for

A Campbell Electrical Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Alexander John Campbell

SECRETARY:

REGISTERED OFFICE:

2 Station Road

Peterhead

Aberdeenshire

AB42 1SB

REGISTERED NUMBER:

SC351241 (Scotland)

ACCOUNTANTS:

Acumen Accountants & Advisors Limited

Acumen House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

The director presents his report with the financial statements of the company for the period 1 December 2011 to 28 February 2013.

CESSATION OF TRADING

The company ceased trading on 28 February 2013.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of electrical access services to the oil and gas industry.

DIRECTOR

Alexander John Campbell held office during the whole of the period from 1 December 2011 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Alexander John Campbell - Director

29 May 2013

TURNOVER

117,247

89,902

Cost of sales

1,950

1,873

GROSS PROFIT

115,297

88,029

Administrative expenses

32,317

19,528

OPERATING PROFIT

2

82,980

68,501

Interest payable and similar charges

367

148

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

82,613

68,353

Tax on profit on ordinary activities

3

16,523

13,913

PROFIT FOR THE FINANCIAL PERIOD

66,090

54,440

Retained profit brought forward

493

53

66,583

54,493

Dividends

(66,583

)

(54,000

)

RETAINED PROFIT CARRIED FORWARD

-

493

FIXED ASSETS

Tangible assets

4

-

1,120

CURRENT ASSETS

Stocks

-

1,950

Debtors

5

40,486

23,804

Cash at bank

75

3,046

40,561

28,800

CREDITORS

Amounts falling due within one year

6

40,559

29,201

NET CURRENT ASSETS/(LIABILITIES)

2

(401

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2

719

PROVISIONS FOR LIABILITIES

7

-

224

NET ASSETS

2

495

CAPITAL AND RESERVES

Called up share capital

8

2

2

Profit and loss account

-

493

SHAREHOLDERS' FUNDS

2

495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2013 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 29 May 2013 and were signed by:

Alexander John Campbell - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

2.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.12.11

to

Year Ended

28.2.13

30.11.11

£

£

Depreciation - owned assets

-

374

Loss on disposal of fixed assets

1,121

-

Director's remuneration and other benefits etc

9,193

5,800

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

Period

1.12.11

to

Year Ended

28.2.13

30.11.11

£

£

Current tax:

UK corporation tax

16,747

14,003

Deferred tax

(224

)

(90

)

Tax on profit on ordinary activities

16,523

13,913

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2011

2,451

Disposals

(2,451

)

At 28 February 2013

-

DEPRECIATION

At 1 December 2011

1,331

Eliminated on disposal

(1,331

)

At 28 February 2013

-

NET BOOK VALUE

At 28 February 2013

-

At 30 November 2011

1,120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2013

2011

£

£

Other debtors

3,561

3,561

Directors' current accounts

36,925

20,243

40,486

23,804

The loan to the director is interest free with no fixed terms of repayment.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2013

2011

£

£

Corporation tax

34,595

26,433

Social security and other taxes

4,884

1,688

Accruals

1,080

1,080

40,559

29,201

7.	PROVISIONS FOR LIABILITIES

2013

2011

£

£

Deferred tax

-

224

Deferred

tax

£

Balance at 1 December 2011

224

Provided during period

(224

)

Deferred tax

Balance at 28 February 2013

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2011

value:

£

£

2

Ordinary

£1

2

2

9.	TRANSACTIONS WITH DIRECTOR

The following loan to directors subsisted during the period ended 28 February 2013 and the year ended 30 November 2011:

2013

2011

£

£

Alexander John Campbell

Balance outstanding at start of period

20,243

11,041

Amounts advanced

104,691

9,202

Amounts repaid

(88,009

)

-

Balance outstanding at end of period

36,925

20,243

10.	ULTIMATE CONTROLLING PARTY