Company Registration No. 09291662 (England and Wales)
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Abbreviated unaudited accounts
for the year ended 31 October 2016
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Abbreviated Balance Sheet
as at
31 October 2016
Tangible assets
17,164
21,455
Cash at bank and in hand
7,505
6,791
Creditors: amounts falling due within one year
(7,043)
(10,600)
Net current assets
4,316
267
Total assets less current liabilities
21,480
21,722
Creditors: amounts falling due after more than one year
(17,164)
(21,455)
Called up share capital
100
100
Profit and loss account
4,216
167
Total shareholders' funds
4,316
267
For the year ending 31 October 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 24 July 2017
Peter Albutt
Director
Company Registration No. 09291662
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Notes to the Abbreviated Accounts
for the year ended 31 October 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the directors. The directors have indicated their support will continue for the foreseeable future.
At 1 November 2015
26,819
At 31 October 2016
26,819
Charge for the year
4,291
At 31 October 2016
17,164
At 31 October 2015
21,455
PETE ALBUTT ELECTRICAL CONSULTANCY LTD
Notes to the Abbreviated Accounts
for the year ended 31 October 2016
3
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100