Associated Electrical Properties Ltd - Limited company - abbreviated - 11.6
Associated Electrical Properties Ltd - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
Associated Electrical Properties Ltd |
Abbreviated Unaudited Accounts |
for the Year Ended 31 March 2014 |
Associated Electrical Properties Ltd (Registered number: 05337724) |
Contents of the Abbreviated Accounts |
for the year ended 31 March 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 | to | 3 |
Notes to the Abbreviated Accounts | 4 | to | 6 |
Associated Electrical Properties Ltd |
Company Information |
for the year ended 31 March 2014 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Associated Electrical Properties Ltd (Registered number: 05337724) |
Abbreviated Balance Sheet |
31 March 2014 |
31.3.14 | 31.3.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
Associated Electrical Properties Ltd (Registered number: 05337724) |
Abbreviated Balance Sheet - continued |
31 March 2014 |
The financial statements were approved by the Board of Directors on its behalf by: |
Associated Electrical Properties Ltd (Registered number: 05337724) |
Notes to the Abbreviated Accounts |
for the year ended 31 March 2014 |
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 April 2008). |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Tangible fixed assets |
Freehold land | - |
Fixtures and fittings | - |
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. |
Going concern basis of accounting |
The accounts have been prepared on the assumption that the company is able to carry on business as a |
going concern, which the directors consider appropriate having regard to the circumstances outlined |
in a note to the accounts. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2013 |
and 31 March 2014 |
DEPRECIATION |
At 1 April 2013 |
Charge for year |
At 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
3. | CREDITORS |
Creditors include an amount of £ |
Associated Electrical Properties Ltd (Registered number: 05337724) |
Notes to the Abbreviated Accounts - continued |
for the year ended 31 March 2014 |
3. | CREDITORS - continued |
They also include the following debts falling due in more than five years: |
31.3.14 | 31.3.13 |
£ | £ |
Repayable by instalments | 77,267 | 82,342 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
value: | £ | £ |
Ordinary | £1 |
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 March 2014 and |
31 March 2013: |
31.3.14 | 31.3.13 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of year | ( |
) |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of year | ( |
) |
Overdrawn directors loan accounts will be cleared in full within 9 months of the year end. |
6. | RELATED PARTY DISCLOSURES |
Associated Electrical Properties Ltd (Registered number: 05337724) |
Notes to the Abbreviated Accounts - continued |
for the year ended 31 March 2014 |
6. | RELATED PARTY DISCLOSURES - continued |
Associated Electrical Ltd |
A company in which Mr Pallante & Mr Banner are shareholders & directors |
31.3.14 | 31.3.13 |
£ | £ |
Amount due to related party at the balance sheet date |
Associated Exhibition Services Ltd |
A company in which Mr Pallante & Mr Banner are shareholders & directors |
Amounts due to Associated Exhibition Services Ltd of £4,200 were written off as bad debts during the |
year. |
Blue Vale Homes Ltd |
A company in which Mr Pallante is a director and shareholder |
31.3.14 | 31.3.13 |
£ | £ |
Amount due to related party at the balance sheet date |
7. | GOING CONCERN |
The directors, the bank and other companies under the control of the directors, will continue to |
support the company and as a result the directors have adopted the going concern basis of accounting. |