Electrabrand (Nottm) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07861829 (England and Wales)

Electrabrand (Nottm) Ltd

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Collins

REGISTERED OFFICE:

Wellington House

Starley Way

Solihull

Birmingham

West Midlands

B37 7HB

REGISTERED NUMBER:

07861829 (England and Wales)

ACCOUNTANTS:

Haines Watts

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Tangible assets

2

18,622

1,779

CURRENT ASSETS

Stocks

149,518

120,051

Debtors

867,322

391,775

Cash at bank and in hand

8,105

-

1,024,945

511,826

CREDITORS

Amounts falling due within one year

3

913,962

413,389

NET CURRENT ASSETS

110,983

98,437

TOTAL ASSETS LESS CURRENT LIABILITIES

129,605

100,216

PROVISIONS FOR LIABILITIES

435

359

NET ASSETS

129,170

99,857

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

129,160

99,847

SHAREHOLDERS' FUNDS

129,170

99,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 22 June 2015 and were signed by:

S Collins - 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 & machinery

15% reducing balance

Fixtures & fittings

15% reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

2,093

Additions

20,122

At 31 October 2014

22,215

DEPRECIATION

At 1 November 2013

314

Charge for year

3,279

At 31 October 2014

3,593

NET BOOK VALUE

At 31 October 2014

18,622

At 31 October 2013

1,779

3.

CREDITORS

The following secured debts are included within creditors:

2014

2013

£

£

Invoice discounting finance

134,821

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary A shares

£1

10

10

5.	ULTIMATE PARENT COMPANY

Collins Electrical Wholesale Limited is regarded by the director as being the company's ultimate parent

company.