Company Registration No. 06165993 (England and Wales)
MAJ ELECTRICAL LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
MAJ ELECTRICAL LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MAJ ELECTRICAL LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,429
1,906
Current assets
Debtors
9,538
10,183
Cash at bank and in hand
377
374
9,915
10,557
Creditors: amounts falling due within one year
(11,296)
(12,364)
Net current liabilities
(1,381)
(1,807)
Total assets less current liabilities
48
99
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
47
98
Shareholders' funds
48
99
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 22 June 2017
Mr M L Moore
Director
Company Registration No. 06165993
MAJ ELECTRICAL LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
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 January 2015).
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:
Plant and machinery
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
7,392
Depreciation
At 1 July 2015
5,486
Charge for the year
477
At 30 June 2016
5,963
Net book value
At 30 June 2016
1,429
At 30 June 2015
1,906
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1