Abbreviated Company Accounts - HUGHES ELECTRA LTD

HUGHES ELECTRA LTD - Company Information

08460648 HUGHES ELECTRA LTD 2014-03-31 false 2013-03-25 2014-03-31 true 08460648 2013-03-25 2014-03-31 08460648 2014-03-31 08460648 uk-gaap-cd-bus:Director1 2013-03-25 2014-03-31 08460648 uk-gaap-cd-bus:Director2 2013-03-25 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-25 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08460648

HUGHES ELECTRA LTD

Abbreviated Accounts

31 March 2014

HUGHES ELECTRA LTD Registered Number 08460648

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	80,000
Tangible assets	3	7,543
		87,543
Current assets
Debtors		93,033
Cash at bank and in hand		97,703
		190,736
Creditors: amounts falling due within one year		(241,884)
Net current assets (liabilities)		(51,148)
Total assets less current liabilities		36,395
Total net assets (liabilities)		36,395
Capital and reserves
Called up share capital	4	2
Profit and loss account		36,393
Shareholders' funds		36,395

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 January 2015

And signed on their behalf by:
A Song, Director

HUGHES ELECTRA LTD Registered Number 08460648

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
Additions	100,000
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	100,000
Amortisation
Charge for the year	20,000
On disposals	-
At 31 March 2014	20,000
Net book values
At 31 March 2014	80,000

3Tangible fixed assets

	£
Cost
Additions	10,058
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	10,058
Depreciation
Charge for the year	2,515
On disposals	-
At 31 March 2014	2,515
Net book values
At 31 March 2014	7,543

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
2 Ordinary shares of £1 each	2