SB Refrigeration and Electrical Engineers Ltd - Period Ending 2015-01-31

Registration number: 08382598

SB Refrigeration and Electrical Engineers Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Bulley Davey Limited
Chartered Certified Accountants
1 - 4 London Road
Spalding
Lincolnshire
PE11 2TA

SB Refrigeration and Electrical Engineers Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

SB Refrigeration and Electrical Engineers Ltd
(Registration number: 08382598)
Abbreviated Balance Sheet at 31 January 2015

		Note			31 January 2015 £			31 January 2014 £
Fixed assets
Tangible fixed assets		2			5,590			3,761
Current assets
Stocks					24,340			13,496
Debtors					93,715			94,554
Cash at bank and in hand					15,251			1,705
					133,306			109,755
Creditors: Amounts falling due within one year					(118,421)			(96,474)
Net current assets					14,885			13,281
Total assets less current liabilities					20,475			17,042
Provisions for liabilities					(1,118)			(752)
Net assets					19,357			16,290
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					19,257			16,190
Shareholders' funds					19,357			16,290

For the year ending 31 January 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 5 May 2015 and signed on its behalf by:

 Mr Aubrey Tasker
 Director

 Mr Simon Boughen
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

SB Refrigeration and Electrical Engineers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... 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 or valuation,less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% straight line and 15% reducing balance
Fixtures and fittings	15% straight line

Stock and work in progress

Stock and work in progress are 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by FRSSE. Deferred tax is measured at the rate effective at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		4,425			4,425
Additions		2,816			2,816
At 31 January 2015		7,241			7,241
Depreciation
At 1 February 2014		664			664
Charge for the year		987			987
At 31 January 2015		1,651			1,651
Net book value
At 31 January 2015		5,590			5,590
At 31 January 2014		3,761			3,761

Page 2

SB Refrigeration and Electrical Engineers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 January 2015						31 January 2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3