Seven Hills Electrical Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06404700 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

SEVEN HILLS ELECTRICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Cooper

SECRETARY:

Mrs S Tweed

REGISTERED OFFICE:

66 Winchester Avenue

Sheffield

S10 4EB

REGISTERED NUMBER:

06404700 (England and Wales)

ACCOUNTANTS:

Booth Lynch & Co Limited

4 The Dell

Woodlaithes Village

Rotherham

S66 3ZQ

FIXED ASSETS

Tangible assets

2

2,625

3,431

CURRENT ASSETS

Debtors

-

1,170

Cash at bank

45,857

37,075

45,857

38,245

CREDITORS

Amounts falling due within one year

23,049

16,437

NET CURRENT ASSETS

22,808

21,808

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,433

25,239

PROVISIONS FOR LIABILITIES

446

590

NET ASSETS

24,987

24,649

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

24,986

24,648

SHAREHOLDERS' FUNDS

24,987

24,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 July 2017 and were signed by:

M Cooper - 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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

6,307

DEPRECIATION

At 1 November 2015

2,876

Charge for year

806

At 31 October 2016

3,682

NET BOOK VALUE

At 31 October 2016

2,625

At 31 October 2015

3,431

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

1

Ordinary Shares

£1

1