Abbreviated Company Accounts - ELITE POWER TRANSMISSIONS LIMITED

Abbreviated Company Accounts - ELITE POWER TRANSMISSIONS LIMITED


Registered Number 07668246

ELITE POWER TRANSMISSIONS LIMITED

Abbreviated Accounts

31 May 2015

ELITE POWER TRANSMISSIONS LIMITED Registered Number 07668246

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 36,262 26,615
36,262 26,615
Current assets
Stocks 16,312 46,857
Debtors 147,879 151,079
Cash at bank and in hand 17,391 2,523
181,582 200,459
Creditors: amounts falling due within one year (145,744) (154,129)
Net current assets (liabilities) 35,838 46,330
Total assets less current liabilities 72,100 72,945
Provisions for liabilities (7,252) (5,323)
Total net assets (liabilities) 64,848 67,622
Capital and reserves
Called up share capital 3 34 34
Profit and loss account 64,814 67,588
Shareholders' funds 64,848 67,622
  • For the year ending 31 May 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 21 September 2015

And signed on their behalf by:
R Brown, Director

ELITE POWER TRANSMISSIONS LIMITED Registered Number 07668246

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The Turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax

2Tangible fixed assets
£
Cost
At 1 June 2014 46,888
Additions 21,547
Disposals -
Revaluations -
Transfers -
At 31 May 2015 68,435
Depreciation
At 1 June 2014 20,273
Charge for the year 11,900
On disposals -
At 31 May 2015 32,173
Net book values
At 31 May 2015 36,262
At 31 May 2014 26,615
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
33Ordinary shares of £1 each 33 33
1A Ordinary shares of £1 each 1 1