Abbreviated Company Accounts - TRACTION RAIL ELECTRICAL LIMITED

Abbreviated Company Accounts - TRACTION RAIL ELECTRICAL LIMITED

TRACTION RAIL ELECTRICAL LIMITED - Company Information

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Registered Number 08371909

TRACTION RAIL ELECTRICAL LIMITED

Abbreviated Accounts

31 January 2016

TRACTION RAIL ELECTRICAL LIMITED Registered Number 08371909

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 7,032 9,590
7,032 9,590
Current assets
Debtors 24,088 174
Cash at bank and in hand 84,196 91,024
108,284 91,198
Creditors: amounts falling due within one year (35,016) (43,133)
Net current assets (liabilities) 73,268 48,065
Total assets less current liabilities 80,300 57,655
Total net assets (liabilities) 80,300 57,655
Capital and reserves
Called up share capital 2 2
Profit and loss account 80,298 57,653
Shareholders' funds 80,300 57,655
  • For the year ending 31 January 2016 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 20 October 2016

And signed on their behalf by:
M LUCAS, Director

TRACTION RAIL ELECTRICAL LIMITED Registered Number 08371909

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Tangible fixed assets
£
Cost
At 1 February 2015 17,430
Additions 2,399
Disposals -
Revaluations -
Transfers -
At 31 January 2016 19,829
Depreciation
At 1 February 2015 7,840
Charge for the year 4,957
On disposals -
At 31 January 2016 12,797
Net book values
At 31 January 2016 7,032
At 31 January 2015 9,590

Depreciation has been provided at a rate of 25% p.a. on a straight line basis so as to write off the assets over their estimated useful lives.