3_CORE_ELECTRICAL_LIMITED - Accounts

3 CORE ELECTRICAL LIMITED - Company Information

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Company Registration No. 07312465 (England and Wales)

3 CORE ELECTRICAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

3 CORE ELECTRICAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

3 CORE ELECTRICAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,795

1,555

Current assets

Stocks

5,543

1,511

Debtors

2,072

3,758

Cash at bank and in hand

2,208

3,631

9,823

8,900

Creditors: amounts falling due within one year

(5,827)

(4,145)

Net current assets

3,996

4,755

Total assets less current liabilities

5,791

6,310

Provisions for liabilities

(285)

5,506

6,310

Capital and reserves

Called up share capital

100

Profit and loss account

5,406

6,210

Shareholders' funds

5,506

6,310

For the financial year ended 31 March 2014 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 18 December 2014

I.P. Opelt

E.L. Tennant

Director

Company Registration No. 07312465

3 CORE ELECTRICAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 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 April 2008).

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:

Tools and equipment

- 15% Reducing Balance

Computer equipment

- 25% Straight Line

1.5

Stock

Stock and work in progress are valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 April 2013

3,441

Additions

503

At 31 March 2014

3,944

Depreciation

At 1 April 2013

1,886

Charge for the year

263

At 31 March 2014

2,149

Net book value

At 31 March 2014

1,795

At 31 March 2013

1,555

3 CORE ELECTRICAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Transactions with directors

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

Amount outstanding

Maximum

2014

2013

in year

I.P. Opelt

3,730

£3,730 was advanced to the director, I.P. Opelt and was repaid during the year. These amounts are unsecured, interest free and repayable on demand.