KINGFISHER_ELECTRICAL_CON - Accounts

KINGFISHER ELECTRICAL CONTRACTORS LIMITED - Company Information

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Company Registration No. 02391019 (England and Wales)

KINGFISHER ELECTRICAL CONTRACTORS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

KINGFISHER ELECTRICAL CONTRACTORS LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

KINGFISHER ELECTRICAL CONTRACTORS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

26,307

13,808

Current assets

Stocks

8,000

Debtors

24,472

34,555

Investments

5,000

Cash at bank and in hand

37,479

47,601

Creditors: amounts falling due within one year

(34,640)

(40,547)

Net current assets

2,839

7,054

Total assets less current liabilities

29,146

20,862

Creditors: amounts falling due after more than one year

(16,327)

(4,376)

12,819

16,486

Capital and reserves

Called up share capital

125,100

Profit and loss account

(112,281)

(108,614)

Shareholders' funds

12,819

16,486

KINGFISHER ELECTRICAL CONTRACTORS LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial year ended 30 September 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 12 June 2017

Mr T Lake

Director

Company Registration No. 02391019

KINGFISHER ELECTRICAL CONTRACTORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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:

Plant and machinery

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

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

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.

KINGFISHER ELECTRICAL CONTRACTORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 October 2015

43,586

Additions

33,552

Disposals

(29,543)

At 30 September 2016

47,595

Depreciation

At 1 October 2015

29,778

On disposals

(17,079)

Charge for the year

8,589

At 30 September 2016

21,288

Net book value

At 30 September 2016

26,307

At 30 September 2015

13,808

Share capital

2016

2015

Allotted, called up and fully paid

125,100 Ordinary shares of £1 each

125,100