Abbreviated Company Accounts - PAUL WILSON ELECTRICAL AND HEATING LIMITED

Abbreviated Company Accounts - PAUL WILSON ELECTRICAL AND HEATING LIMITED

PAUL WILSON ELECTRICAL AND HEATING LIMITED - Company Information

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Registered Number 04701344

PAUL WILSON ELECTRICAL AND HEATING LIMITED

Abbreviated Accounts

31 March 2015

PAUL WILSON ELECTRICAL AND HEATING LIMITED Registered Number 04701344

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 34,981 39,248
34,981 39,248
Current assets
Stocks 72,394 81,298
Debtors 1,192 910
Cash at bank and in hand 6,119 23,247
79,705 105,455
Creditors: amounts falling due within one year (103,657) (117,040)
Net current assets (liabilities) (23,952) (11,585)
Total assets less current liabilities 11,029 27,663
Creditors: amounts falling due after more than one year 0 (719)
Provisions for liabilities (1,565) (1,860)
Total net assets (liabilities) 9,464 25,084
Capital and reserves
Called up share capital 30 30
Profit and loss account 9,434 25,054
Shareholders' funds 9,464 25,084
  • For the year ending 31 March 2015 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.

Approved by the Board on 29 April 2015

And signed on their behalf by:
Paul Anthony Wilson, Director
Kaye Wilson, Director

PAUL WILSON ELECTRICAL AND HEATING LIMITED Registered Number 04701344

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value of sales during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Computer equipment - 25% reducing balance
Plant and machinery - 25% reducing balance
Furniture and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Building improvements - 20% straight line

2Tangible fixed assets
£
Cost
At 1 April 2014 100,168
Additions 7,758
Disposals (8,618)
Revaluations -
Transfers -
At 31 March 2015 99,308
Depreciation
At 1 April 2014 60,920
Charge for the year 11,661
On disposals (8,254)
At 31 March 2015 64,327
Net book values
At 31 March 2015 34,981
At 31 March 2014 39,248