Registered Number SC278560
A & E ELECTRICS & PROPERTY SERVICES LTD.
Abbreviated Accounts
31 January 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year | 4 |
( |
( |
Net current assets (liabilities) |
|
( |
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 4 |
|
( |
Provisions for liabilities |
( |
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 5 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The company is dependent on the financial support of its directors to remain in business.
Turnover policy
The whole of the turnover and profit or (loss) before taxation is attributable to electrical and property services.
Tangible assets depreciation policy
Plant & machinery 20% per annum straight line basis
Motor vehicles 25% per annum straight line basis
Intangible assets amortisation policy
Valuation information and policy
Stocks and work in progress are valued at the lower of cost and estimated net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Other accounting policies
The company recognises revenue to the extent that it has fulfilled its contractual obligations to its customers through the supply of goods and services.
Leasing and hire purchase contracts
Assets obtained under hire purchase are capitalised and depreciated over their useful lives. Assets acquired by finance lease are capitalised and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. Rentals payable under operating leases are charged to the profit and loss account as incurred.
Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
£ | |
---|---|
Cost | |
At 1 February 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 January 2015 |
|
Amortisation | |
At 1 February 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 January 2015 |
|
Net book values | |
At 31 January 2015 | 13,600 |
At 31 January 2014 | 15,000 |
£ | |
---|---|
Cost | |
At 1 February 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 January 2015 |
|
Depreciation | |
At 1 February 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 January 2015 |
|
Net book values | |
At 31 January 2015 | 3,956 |
At 31 January 2014 | 11,105 |
2015
£ |
2014
£ |
|
---|---|---|
Secured Debts |
|
|