Andrews Electrical & Building Services Ltd - Period Ending 2016-04-30

Registration number: 07357415

Andrews Electrical & Building Services Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Andrews Electrical & Building Services Ltd
(Registration number: 07357415)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					450,000			480,000
Tangible fixed assets		2			7,779			10,197
					457,779			490,197
Current assets
Debtors					151,788			198,641
Creditors: Amounts falling due within one year					(195,632)			(181,494)
Net current (liabilities)/assets					(43,844)			17,147
Total assets less current liabilities					413,935			507,344
Creditors: Amounts falling due after more than one year					(379,409)			(412,631)
Net assets					34,526			94,713
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					34,426			94,613
Shareholders' funds					34,526			94,713

The notes on pages 3 to 4 form an integral part of these financial statements.
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Andrews Electrical & Building Services Ltd
(Registration number: 07357415)
Abbreviated Balance Sheet at 30 April 2016
......... continued

For the year ending 30 April 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 30 January 2017 and signed on its behalf by:

 R Flynn
 Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Andrews Electrical & Building Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been 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.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Fixtures and fittings	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Office equipment	3 years straight line basis

2	Fixed assets

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Andrews Electrical & Building Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 May 2015		600,000			32,893			632,893
Additions		-			197			197
At 30 April 2016		600,000			33,090			633,090
Depreciation
At 1 May 2015		120,000			22,696			142,696
Charge for the year		30,000			2,615			32,615
At 30 April 2016		150,000			25,311			175,311
Net book value
At 30 April 2016		450,000			7,779			457,779
At 30 April 2015		480,000			10,197			490,197

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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