Company Registration No. 07768817 (England and Wales)
ELITE ELECTRICAL SERVICES AND SOLUTIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2015
ELITE ELECTRICAL SERVICES AND SOLUTIONS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ELITE ELECTRICAL SERVICES AND SOLUTIONS LTD
ABBREVIATED BALANCE SHEET
AS AT
31ST MARCH 2015
31 March 2015
- 1 -
2015
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
13,830
13,887
Current assets
Debtors
612
-
Cash at bank and in hand
34,054
22,440
34,666
22,440
Creditors: amounts falling due within one year
(40,947)
(26,810)
Net current liabilities
(6,281)
(4,370)
Total assets less current liabilities
7,549
9,517
Creditors: amounts falling due after more than one year
-
(265)
7,549
9,252
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
7,449
9,152
Shareholders' funds
7,549
9,252
For the financial period ended 31 March 2015 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 period 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 19 June 2015
D C McNaughton
Director
Company Registration No. 07768817
ELITE ELECTRICAL SERVICES AND SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2015
- 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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
15% reducing balance
Computer equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2013
19,181
Additions
2,547
At 31 March 2015
21,728
Depreciation
At 1 October 2013
5,294
Charge for the period
2,604
At 31 March 2015
7,898
Net book value
At 31 March 2015
13,830
At 30 September 2013
13,887
3
Share capital
2015
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100