ADR_ELECTRICAL_LIMITED - Accounts


Company Registration No. 4998155 (England and Wales)
ADR ELECTRICAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ADR ELECTRICAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ADR ELECTRICAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
6,000
8,000
Tangible assets
2
18,002
23,435
24,002
31,435
Current assets
Stocks
-
7,545
Debtors
80,581
87,415
Cash at bank and in hand
169,054
27,487
249,635
122,447
Creditors: amounts falling due within one year
3
(137,165)
(56,668)
Net current assets
112,470
65,779
Total assets less current liabilities
136,472
97,214
Provisions for liabilities
(764)
-
135,708
97,214
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
135,608
97,114
Shareholders'  funds
135,708
97,214
ADR ELECTRICAL LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial 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:
-
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 directors acknowledge their 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 20 December 2016
Mr D A Ringwood
Director
Company Registration No. 4998155
ADR ELECTRICAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
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:
Fixtures, fittings & equipment
33% straight line and 15% reducing balance
Motor vehicles
25% reducing balance
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Stock and work in progress
Work in progress is 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.
ADR ELECTRICAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
10,000
31,102
41,102
Disposals
-
(484)
(484)
At 31 March 2016
10,000
30,618
40,618
Depreciation
At 1 April 2015
2,000
7,667
9,667
On disposals
-
(484)
(484)
Charge for the year
2,000
5,433
7,433
At 31 March 2016
4,000
12,616
16,616
Net book value
At 31 March 2016
6,000
18,002
24,002
At 31 March 2015
8,000
23,435
31,435
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £1,358 (2015 - £3,816).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100Ordinary shares of £1 each
100
100
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