| SWITCHED ON ELECTRICIANS LTD |
| Registered number: |
05667515 |
| Abbreviated Balance Sheet |
| as at 31 January 2014 |
|
|
Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
4,700 |
|
|
91,725 |
|
| Current assets |
| Debtors |
|
|
45,951 |
|
|
27,638 |
| Cash at bank and in hand |
|
|
205,416 |
|
|
117,973 |
|
|
|
251,367 |
|
|
145,611 |
|
| Creditors: amounts falling due within one year |
|
|
(50,756) |
|
|
(54,235) |
|
|
|
|
|
|
|
| Net current assets |
|
|
|
200,611 |
|
|
91,376 |
|
|
|
|
|
|
|
|
| Net assets |
|
|
|
205,311 |
|
|
183,101 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
205,211 |
|
|
183,001 |
|
|
|
|
|
|
|
|
| Shareholders' funds |
|
|
|
205,311 |
|
|
183,101 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| DN Vinall |
| Director |
| Approved by the board on 27 January 2015 |
|
| SWITCHED ON ELECTRICIANS LTD |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
Motor vehicles |
20% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2013 |
5,000 |
|
At 31 January 2014 |
5,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2013 |
5,000 |
|
At 31 January 2014 |
5,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2014 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2013 |
103,298 |
|
Disposals |
(85,850) |
|
At 31 January 2014 |
17,448 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2013 |
11,573 |
|
Charge for the year |
1,175 |
|
At 31 January 2014 |
12,748 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2014 |
4,700 |
|
At 31 January 2013 |
91,725 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
|
|
value |
|
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
DN Vinall |
|
Directors current account |
- |
|
(51,874) |
|
37,500 |
|
(14,374) |
|
|
JA Vinall |
|
Directors current account |
- |
|
(51,874) |
|
37,500 |
|
(14,374) |
|
|
|
- |
|
(103,748) |
|
75,000 |
|
(28,748) |
|
|
|
|
|
|
|
|
|
|
The directors had ongoing current accounts with the company as detailed above. The current accounts are interest free, unsecured and repayable on demand. |
