ADR_ELECTRICAL_LIMITED - Accounts

ADR ELECTRICAL LIMITED - Company Information

Print Friendly Version

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

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

6,000

8,000

Tangible assets

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

(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

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

- 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 -

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 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

10,000

31,102

41,102

Disposals

(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)

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

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).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100