Buglow Electrical Contractors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06547950 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

BUGLOW ELECTRICAL CONTRACTORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTOR:

R Buglow

REGISTERED OFFICE:

The Old Barn

Off Wood Street

Swanley Village

Kent

BR8 7PA

REGISTERED NUMBER:

06547950 (England and Wales)

ACCOUNTANTS:

Riddingtons Ltd

The Old Barn

Off Wood Street

Swanley Village

Kent

BR8 7PA

FIXED ASSETS

Tangible assets

2

39,435

4,335

CURRENT ASSETS

Stocks

174,968

157,600

Debtors

40,853

41,639

Cash at bank

5,751

62,524

221,572

261,763

CREDITORS

Amounts falling due within one year

103,087

137,322

NET CURRENT ASSETS

118,485

124,441

TOTAL ASSETS LESS CURRENT LIABILITIES

157,920

128,776

PROVISIONS FOR LIABILITIES

7,490

382

NET ASSETS

150,430

128,394

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

150,429

128,393

SHAREHOLDERS' FUNDS

150,430

128,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 9 July 2015 and were signed by:

R Buglow - 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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

10,859

Additions

42,058

At 31 March 2015

52,917

DEPRECIATION

At 1 April 2014

6,524

Charge for year

6,958

At 31 March 2015

13,482

NET BOOK VALUE

At 31 March 2015

39,435

At 31 March 2014

4,335

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

ordinary

1

1

1

4.	ULTIMATE PARENT COMPANY

The company is under the control of R Buglow, the director.

5.	RELATED PARTY DISCLOSURES

During the year, the company paid dividends to the director, Mr R Buglow, amounting to £28,000.00 (2014 -

£30,000).

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2015 set out on pages nil to nil and you consider that the company is exempt from an audit.

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.

Riddingtons Ltd

The Old Barn

Off Wood Street

Swanley Village

Kent

BR8 7PA

Date: .............................................