B_R_K_ELECTRICAL_LIMITED - Accounts

B R K ELECTRICAL LIMITED - Company Information

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Company Registration No. 08128568 (England and Wales)

B R K ELECTRICAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

B R K ELECTRICAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

B R K ELECTRICAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

10,508

2,035

Current assets

Stocks

230

350

Debtors

15,638

22,245

Cash at bank and in hand

100

200

15,968

22,795

Creditors: amounts falling due within one year

(25,031)

(23,369)

Net current liabilities

(9,063)

(574)

Total assets less current liabilities

1,445

1,461

Provisions for liabilities

(100)

1,445

1,361

Capital and reserves

Called up share capital

100

Profit and loss account

1,345

1,261

Shareholders' funds

1,445

1,361

For the financial year ended 31 October 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 for issue on 6 July 2017

Mr B, R Kimberley

Director

Company Registration No. 08128568

B R K ELECTRICAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

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

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

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 November 2015

3,973

Additions

11,100

At 31 October 2016

15,073

Depreciation

At 1 November 2015

1,938

Charge for the year

2,627

At 31 October 2016

4,565

Net book value

At 31 October 2016

10,508

At 31 October 2015

2,035

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

B R K ELECTRICAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

Related party relationships and transactions

(Continued)

- 3 -

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

directors loan account

302