Photondale Electrical Services Limited - Period Ending 2015-02-28

Registration number: 03182873

Photondale Electrical Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

Stubbs Parkin Limited
Chartered Accountants
18a London Street
Southport
Merseyside
PR9 0UE

Photondale Electrical Services Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Photondale Electrical Services Limited
(Registration number: 03182873)
Abbreviated Balance Sheet at 28 February 2015

		Note			2015 £						2014 £
	£			£			£			£
Fixed assets
Tangible fixed assets								35,904						35,425
Current assets
Stocks					750						750
Debtors					185,605						104,196
Cash at bank and in hand					55,450						45,670
					241,805						150,616
Creditors: Amounts falling due within one year					(139,480)						(95,095)
Net current assets								102,325						55,521
Net assets								138,229						90,946
Capital and reserves
Called up share capital		3			100						100
Profit and loss account					138,129						90,846
Shareholders' funds								138,229						90,946

For the year ending 28 February 2015 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.

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

Approved by the Board on 1 September 2015 and signed on its behalf by:

.........................................
Mr J A McGowan
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Photondale Electrical Services Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	15% Reducing balance basis
Fixtures, fittings & equipment	15% Reducing balance basis
Motor vehicles	25% Reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		83,875			83,875
Additions		11,604			11,604
At 28 February 2015		95,479			95,479
Depreciation
At 1 March 2014		48,450			48,450
Charge for the year		11,125			11,125
At 28 February 2015		59,575			59,575
Net book value
At 28 February 2015		35,904			35,904
At 28 February 2014		35,425			35,425

Page 2

Photondale Electrical Services Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3