Graham's Electrical Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04865278 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2014

for

Graham's Electrical Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr G Highsted

SECRETARY:

Mrs C L Highsted

REGISTERED OFFICE:

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

REGISTERED NUMBER:

04865278 (England and Wales)

ACCOUNTANTS:

Keepers Accountancy Ltd

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Tangible assets

2

9,909

10,859

CURRENT ASSETS

Debtors

23,372

23,179

Cash at bank

14,751

13,234

38,123

36,413

CREDITORS

Amounts falling due within one year

36,995

25,788

NET CURRENT ASSETS

1,128

10,625

TOTAL ASSETS LESS CURRENT LIABILITIES

11,037

21,484

PROVISIONS FOR LIABILITIES

1,982

2,172

NET ASSETS

9,055

19,312

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

8,955

19,212

SHAREHOLDERS' FUNDS

9,055

19,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 April 2015 and were signed by:

Mr G Highsted - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

25,226

Additions

2,774

At 31 August 2014

28,000

DEPRECIATION

At 1 September 2013

14,367

Charge for year

3,724

At 31 August 2014

18,091

NET BOOK VALUE

At 31 August 2014

9,909

At 31 August 2013

10,859

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

64

Ordinary Class A

1

66

100

36

Ordinary Class B

1

34

-

100

100