Electek Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03566879

Abbreviated Accounts for the Year Ended 31 July 2014

for

Electek Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Girish Anand

SECRETARY:

Mrs Sarita Anand

REGISTERED OFFICE:

55 Shelley Avenue

Manor Park

London

E12 6SP

REGISTERED NUMBER:

03566879

ACCOUNTANTS:

Prestons

Chartered Accountants

364-368 Cranbrook Road

Ilford

Essex

IG2 6HY

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

648

648

Cash at bank

13,507

13,507

16,155

16,155

CREDITORS

Amounts falling due within one year

503,459

503,459

NET CURRENT LIABILITIES

(487,304

)

(487,304

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(487,304

)

(487,304

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(487,404

)

(487,404

)

SHAREHOLDERS' FUNDS

(487,304

)

(487,304

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 April 2015 and were signed by:

Girish Anand - 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).

The company was dormant throughout the current year and previous year.

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 etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

1,235

DEPRECIATION

At 1 August 2013

and 31 July 2014

1,235

NET BOOK VALUE

At 31 July 2014

-

At 31 July 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

1

100

100

4.	GOING CONCERN

The company relies upon the financial support of the creditors for its long term survival. The director has

intimated that they will not demand the repayment of money to the company to the extent that it will

endanger the company's financial position. The accounts have been prepared on a going concern basis.