RG_&_MF_SADLER_(ELECTRICA - Accounts

R.G. & M.F. SADLER (ELECTRICAL) LIMITED - Company Information

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Company Registration No. 01512430 (England and Wales)

RG & MF SADLER (ELECTRICAL) LIMITED

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

RG & MF SADLER (ELECTRICAL) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

RG & MF SADLER (ELECTRICAL) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

18,263

25,829

Current assets

Stocks

40,922

42,422

Debtors

39,455

54,864

Cash at bank and in hand

348

767

80,725

98,053

Creditors: amounts falling due within one year

(99,754)

(106,831)

Net current liabilities

(19,029)

(8,778)

Total assets less current liabilities

(766)

17,051

Creditors: amounts falling due after more than one year

(22,581)

(8,676)

Provisions for liabilities

(3,299)

(4,816)

(26,646)

3,559

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

(26,736)

3,469

Shareholders' funds

(26,646)

3,559

RG & MF SADLER (ELECTRICAL) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2015

- 2 -

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 15 April 2016

Mr N D Boyce

Director

Company Registration No. 01512430

RG & MF SADLER (ELECTRICAL) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Improvements to leasehold property

10% per annum on a straight line basis.

Plant and machinery

25% per annum on a straight line basis.

Fixtures, fittings & equipment

15% per annum on a straight line basis.

Motor vehicles

25% per annum on a straight line basis

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

RG & MF SADLER (ELECTRICAL) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 December 2014

114,195

Additions

673

Disposals

(16,009)

At 30 November 2015

98,859

Depreciation

At 1 December 2014

88,365

On disposals

(14,135)

Charge for the year

6,366

At 30 November 2015

80,596

Net book value

At 30 November 2015

18,263

At 30 November 2014

25,829

Share capital

2015

2014

Allotted, called up and fully paid

10 Ordinary of £1 each