ADC Electrical & Property Services Limit - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07826982

ADC ELECTRICAL & PROPERTY

SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 JANUARY 2014 TO 31 OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs K Crampton

REGISTERED OFFICE:

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

REGISTERED NUMBER:

07826982

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

BANKERS:

HSBC

12 Victoria Street

Nottingham

NG1 2FF

FIXED ASSETS

Tangible assets

2

29,898

38,862

CURRENT ASSETS

Stocks

-

8,000

Debtors

85,457

45,553

Cash at bank and in hand

14,104

964

99,561

54,517

CREDITORS

Amounts falling due within one year

3

96,905

81,144

NET CURRENT ASSETS/(LIABILITIES)

2,656

(26,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,554

12,235

CREDITORS

Amounts falling due after more than one year

3

7,045

14,196

NET ASSETS/(LIABILITIES)

25,509

(1,961

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

25,409

(2,061

)

SHAREHOLDERS' FUNDS

25,509

(1,961

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 July 2015 and were signed by:

Mrs K Crampton - 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).

At the balance sheet date, the company had net liabilities of £(25,509). The company is reliant on the continued

support of its director. The director have confirmed their intention to support the company.

On the above basis the director consider that the financial statements be prepared on a going concern basis

Turnover

Turnover represents the value excluding Value Added Tax of goods and services provided to customers during

the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as

the right to receive consideration has been acquired.

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 reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Financial instruments

Financial instruments and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets

of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar

debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented

as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the

profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the

outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability

then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are

debited direct to equity.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 October 2014

52,438

DEPRECIATION

At 1 January 2014

13,576

Charge for period

8,964

At 31 October 2014

22,540

NET BOOK VALUE

At 31 October 2014

29,898

At 31 December 2013

38,862

3.

CREDITORS

Creditors include an amount of £ 16,144 (2013 - £ 23,880 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100