Seven Hills Electrical Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06404700 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

SEVEN HILLS ELECTRICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Cooper

SECRETARY:

Mrs S Tweed

REGISTERED OFFICE:

66 Winchester Avenue

Sheffield

S10 4EB

REGISTERED NUMBER:

06404700 (England and Wales)

ACCOUNTANTS:

Booth Lynch & Co Limited

4 The Dell

Woodlaithes Village

Rotherham

S66 3ZQ

FIXED ASSETS

Tangible assets

2

3,431

1,646

CURRENT ASSETS

Debtors

1,170

881

Cash at bank

37,075

41,464

38,245

42,345

CREDITORS

Amounts falling due within one year

16,437

17,086

NET CURRENT ASSETS

21,808

25,259

TOTAL ASSETS LESS CURRENT LIABILITIES

25,239

26,905

PROVISIONS FOR LIABILITIES

590

212

NET ASSETS

24,649

26,693

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

24,648

26,692

SHAREHOLDERS' FUNDS

24,649

26,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 28 July 2016 and were signed by:

M Cooper - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

4,857

Additions

3,200

Disposals

(1,750

)

At 31 October 2015

6,307

DEPRECIATION

At 1 November 2014

3,211

Charge for year

1,137

Eliminated on disposal

(1,472

)

At 31 October 2015

2,876

NET BOOK VALUE

At 31 October 2015

3,431

At 31 October 2014

1,646

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

1

Ordinary Shares

£1

1

1