A & B Electrical Services (UK) Limited,Ltd - Accounts

A & B Electrical Services (UK) Limited,Ltd - Accounts

A & B ELECTRICAL SERVICES (UK) LIMITED - Company Information

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2015-04-01 true false Private Limited Company 04691432 2016-03-31 04691432 2015-04-01 2016-03-31 04691432 2015-03-31 04691432 2014-04-01 2015-03-31 04691432 uk-bus:Director1 2015-04-01 2016-03-31 04691432 uk-bus:Director2 2015-04-01 2016-03-31 04691432 uk-gaap:Buildings 2015-04-01 2016-03-31 04691432 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 04691432 uk-gaap:MotorVehicles 2015-04-01 2016-03-31 04691432 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 04691432 uk-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP
A & B Electrical Services (UK) Limited
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04691432
2
Contents Page
A & B Electrical Services (UK) Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
A & B Electrical Services (UK) Limited
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
OBS Accountants
103 Bradley House
Radcliffe Moor Road
Bolton
Lancs
BL2 6RT
10 October 2016
Dated:
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4
Abbreviated Balance Sheet
A & B Electrical Services (UK) Limited
As at 31 March 2016
04691432
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
33,126
38,154
33,126
38,154
Current assets
Stocks
2,388
1,933
Debtors
196,953
183,729
Cash at bank and in hand
94,877
260,553
280,539
459,894
Creditors: amounts falling due within one year
(236,289)
(156,603)
223,605
123,936
Net current assets
Total assets less current liabilities
157,062
261,759
157,062
Net assets
261,759
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
156,962
261,659
157,062
261,759
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 10 October 2016
Mr Simon Fabby Director
Signed on behalf of the board of directors
Mr Anthony Lambert Director
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Notes to the Abbreviated Financial Statements
A & B Electrical Services (UK) Limited
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
5% Straight line
Plant and Machinery
15% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
15% Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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Notes to the Abbreviated Financial Statements
A & B Electrical Services (UK) Limited
For the year ended 31 March 2016
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more
probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
125,495
At 01 April 2015
At 31 March 2016
125,495
Depreciation
87,341
At 01 April 2015
5,028
Charge for year
92,369
At 31 March 2016
Net book values
At 31 March 2016
33,126
38,154
At 31 March 2015
3 Share capital
Authorised
100 Ordinary shares of £1.00 each
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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