Abbreviated Company Accounts - ELITE POWER TRANSMISSIONS LIMITED

ELITE POWER TRANSMISSIONS LIMITED - Company Information

07668246 ELITE POWER TRANSMISSIONS LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 07668246 2014-06-01 2015-05-31 07668246 2015-05-31 07668246 2014-05-31 07668246 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 07668246 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-05-31 iso4217:GBP shares

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 £
33 Ordinary shares of £1 each	33	33
1 A Ordinary shares of £1 each	1	1