Abbreviated Company Accounts - ELITE POWER TRANSMISSIONS LIMITED

07668246 ELITE POWER TRANSMISSIONS LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 07668246 2015-06-01 2016-05-31 07668246 2016-05-31 07668246 2015-05-31 07668246 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 07668246 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-31 iso4217:GBP shares

Registered Number 07668246

ELITE POWER TRANSMISSIONS LIMITED

Abbreviated Accounts

31 May 2016

ELITE POWER TRANSMISSIONS LIMITED Registered Number 07668246

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	37,974	36,262
		37,974	36,262
Current assets
Stocks		14,784	16,312
Debtors		191,003	147,879
Cash at bank and in hand		7,559	17,391
		213,346	181,582
Creditors: amounts falling due within one year		(241,645)	(145,744)
Net current assets (liabilities)		(28,299)	35,838
Total assets less current liabilities		9,675	72,100
Provisions for liabilities		(7,595)	(7,252)
Total net assets (liabilities)		2,080	64,848
Capital and reserves
Called up share capital	3	34	34
Profit and loss account		2,046	64,814
Shareholders' funds		2,080	64,848

For the year ending 31 May 2016 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 7 December 2016

And signed on their behalf by:
R Brown, Director

ELITE POWER TRANSMISSIONS LIMITED Registered Number 07668246

Notes to the Abbreviated Accounts for the period ended 31 May 2016

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 January 2015

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

2Intangible fixed assets

	£
Cost
At 1 June 2015	68,435
Additions	12,615
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	81,050
Amortisation
At 1 June 2015	32,173
Charge for the year	10,903
On disposals	-
At 31 May 2016	43,076
Net book values
At 31 May 2016	37,974
At 31 May 2015	36,262

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
33 Ordinary shares of £1 each	33	33
1 A Ordinary shares of £1 each	1	1