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 2016

ELITE POWER TRANSMISSIONS LIMITED Registered Number 07668246

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 37,974 36,262
37,974 36,262
Current assets
Stocks 14,784 16,312
Debtors 191,003 147,879
Cash at bank and in hand 7,559 17,391
213,346 181,582
Creditors: amounts falling due within one year (241,645) (145,744)
Net current assets (liabilities) (28,299) 35,838
Total assets less current liabilities 9,675 72,100
Provisions for liabilities (7,595) (7,252)
Total net assets (liabilities) 2,080 64,848
Capital and reserves
Called up share capital 3 34 34
Profit and loss account 2,046 64,814
Shareholders' funds 2,080 64,848
  • For the year ending 31 May 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 7 December 2016

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 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 January 2015

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

2Intangible fixed assets
£
Cost
At 1 June 2015 68,435
Additions 12,615
Disposals -
Revaluations -
Transfers -
At 31 May 2016 81,050
Amortisation
At 1 June 2015 32,173
Charge for the year 10,903
On disposals -
At 31 May 2016 43,076
Net book values
At 31 May 2016 37,974
At 31 May 2015 36,262
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
33Ordinary shares of £1 each 33 33
1A Ordinary shares of £1 each 1 1