1A Power Rod U.K. Limited - Period Ending 2014-04-30

Registration number: 03760886

1A Power Rod U.K. Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

1A Power Rod U.K. Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
1A Power Rod U.K. Limited
for the Year Ended 30 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 1A Power Rod U.K. Limited for the year ended 30 April 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of 1A Power Rod U.K. Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 1A Power Rod U.K. Limited and state those matters that we have agreed to state to them, as a body in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1A Power Rod U.K. Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 1A Power Rod U.K. Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 1A Power Rod U.K. Limited. You consider that 1A Power Rod U.K. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 1A Power Rod U.K. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

Page 1

1A Power Rod U.K. Limited
(Registration number: 03760886)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					4,502			6,003
Current assets
Stocks					350			500
Debtors		3			8,664			2,644
Cash at bank and in hand					-			147
					9,014			3,291
Creditors: Amounts falling due within one year					(30,768)			(26,307)
Net current liabilities					(21,754)			(23,016)
Total assets less current liabilities					(17,252)			(17,013)
Creditors: Amounts falling due after more than one year					(45,732)			(45,499)
Net liabilities					(62,984)			(62,512)
Capital and reserves
Called up share capital		4			1,000			1,000
Profit and loss account					(63,984)			(63,512)
Shareholders' deficit					(62,984)			(62,512)

For the year ending 30 April 2014 the Company was entitled to exemption 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 2008).

Approved by the director on 30 January 2015

Mr. L Harris
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

1A Power Rod U.K. Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:~

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		47,783			47,783
At 30 April 2014		47,783			47,783
Depreciation
At 1 May 2013		41,780			41,780
Charge for the year		1,501			1,501
At 30 April 2014		43,281			43,281
Net book value
At 30 April 2014		4,502			4,502
At 30 April 2013		6,003			6,003

Page 3

1A Power Rod U.K. Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

3

Debtors

Debtors includes £nil (2013 - £nil) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
ORDINARY of £1 each		1,000			1,000			1,000			1,000

Page 4