A & B Electrical Services (UK) Limited |
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04691432
A & B Electrical Services (UK) Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
A & B Electrical Services (UK) Limited
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act 2006. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
OBS Accountants
103 Bradley House
Radcliffe Moor Road
Bolton
Lancs
BL2 6RT
10 October 2016
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Abbreviated Balance Sheet |
A & B Electrical Services (UK) Limited
2016
2015
2
33,126
38,154
33,126
38,154
2,388
1,933
196,953
183,729
94,877
260,553
280,539
459,894
Creditors: amounts falling due within one year |
(236,289)
(156,603)
223,605
123,936
Net current assets
Total assets less current liabilities |
157,062
261,759
157,062
Net assets
261,759
100
3
100
156,962
261,659
157,062
261,759
Shareholders funds
For the 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: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
Date approved by the board: 10 October 2016 |
Signed on behalf of the board of directors |
Mr Anthony Lambert Director |
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Notes to the Abbreviated Financial Statements |
A & B Electrical Services (UK) Limited
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
by the shareholders prior to the balance sheet date. |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Motor Vehicles
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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Notes to the Abbreviated Financial Statements |
A & B Electrical Services (UK) Limited
For the year ended 31 March 2016
Provisions are recognised when the company has a present obligation as a result of a past event which it is more |
probable than not will result in an outflow of economic benefits that can be reasonably estimated. |
125,495
125,495
87,341
5,028
Charge for year
92,369
33,126
38,154
100 Ordinary shares of £1.00 each |
Allotted called up and fully paid |
2016
2015
100 Ordinary shares of £1.00 each |
100
100
100
100
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