KEITH_PERRYMAN_ELECTRICAL - Accounts

KEITH PERRYMAN ELECTRICAL CONTRACTORS LIMITED - Company Information

Print Friendly Version

Company Registration No. 04844803 (England and Wales)

KEITH PERRYMAN ELECTRICAL CONTRACTORS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

KEITH PERRYMAN ELECTRICAL CONTRACTORS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

950

1,267

Current assets

Stocks

1,200

Debtors

255

209

Cash at bank and in hand

151

150

1,606

1,559

Creditors: amounts falling due within one year

(7,619)

(7,571)

Net current liabilities

(6,013)

(6,012)

Total assets less current liabilities

(5,063)

(4,745)

Provisions for liabilities

(190)

(253)

(5,253)

(4,998)

Capital and reserves

Called up share capital

Profit and loss account

(5,254)

(4,999)

Shareholders' funds

(5,253)

(4,998)

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 April 2015

Mr Keith Perryman

Director

Company Registration No. 04844803

KEITH PERRYMAN ELECTRICAL CONTRACTORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Although the balance sheet shows an overdrawn position at the year end, the accounts have been prepared on the Going Concern basis. The Director considers this to be appropriate as an overdraft has been arranged with the bank with a limit of £4,000, until the economic climate improves.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 August 2013 & at 31 July 2014

7,562

Depreciation

At 1 August 2013

6,295

Charge for the year

317

At 31 July 2014

6,612

Net book value

At 31 July 2014

950

At 31 July 2013

1,267

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary shares of £1 each