Company Registration No. 08991958 (England and Wales)
C D ELECTRICAL SERVICES (MIDLANDS) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
C D ELECTRICAL SERVICES (MIDLANDS) LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
C D ELECTRICAL SERVICES (MIDLANDS) LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
4,950
5,550
Tangible assets
2
50,492
17,108
55,442
22,658
Current assets
Stocks
49,813
25,000
Debtors
186,660
195,691
Cash at bank and in hand
15,115
11,622
251,588
232,313
Creditors: amounts falling due within one year
(286,409)
(243,155)
Net current liabilities
(34,821)
(10,842)
Total assets less current liabilities
20,621
11,816
Creditors: amounts falling due after more than one year
(15,363)
-
5,258
11,816
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,158
11,716
Shareholders' funds
5,258
11,816
C D ELECTRICAL SERVICES (MIDLANDS) LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 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 her 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 20 May 2016
Mrs R Bell
Director
Company Registration No. 08991958
C D ELECTRICAL SERVICES (MIDLANDS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
6,000
20,950
26,950
Additions
-
45,053
45,053
At 31 March 2016
6,000
66,003
72,003
Depreciation
At 1 April 2015
450
3,842
4,292
Charge for the year
600
11,669
12,269
At 31 March 2016
1,050
15,511
16,561
Net book value
At 31 March 2016
4,950
50,492
55,442
At 31 March 2015
5,550
17,108
22,658
C D ELECTRICAL SERVICES (MIDLANDS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100