Amlee Electrical Supplies Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04028012 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Amlee Electrical Supplies Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D B Boseley

Mr S D Lee

REGISTERED OFFICE:

The Old School House

3a Leckhampton Road

Cheltenham

Gloucestershire

GL53 0AX

REGISTERED NUMBER:

04028012 (England and Wales)

FIXED ASSETS

Tangible assets

2

80,610

80,252

CURRENT ASSETS

Stocks

256,723

242,179

Debtors

548,509

554,864

Cash at bank and in hand

999,393

802,898

1,804,625

1,599,941

CREDITORS

Amounts falling due within one year

345,814

339,857

NET CURRENT ASSETS

1,458,811

1,260,084

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,539,421

1,340,336

PROVISIONS FOR LIABILITIES

16,122

16,050

NET ASSETS

1,523,299

1,324,286

CAPITAL AND RESERVES

Called up share capital

3

156

Profit and loss account

1,523,143

1,324,130

SHAREHOLDERS' FUNDS

1,523,299

1,324,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies
Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 November 2016 and were signed on its
behalf by:

Mr D B Boseley - Director

Mr S D Lee - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive

of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of

work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term

contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

184,607

Additions

31,789

Disposals

(33,045

)

At 30 June 2016

183,351

DEPRECIATION

At 1 July 2015

104,355

Charge for year

24,273

Eliminated on disposal

(25,887

)

At 30 June 2016

102,741

NET BOOK VALUE

At 30 June 2016

80,610

At 30 June 2015

80,252

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

56

'B'

£1

56

156