Power-lite Electrical Glasgow Ltd - Limited company - abbreviated - 11.6

Power-lite Electrical Glasgow Ltd - Limited company - abbreviated - 11.6

POWER-LITE ELECTRICAL GLASGOW LTD - Company Information

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REGISTERED NUMBER: SC432993 (Scotland)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

POWER-LITE ELECTRICAL GLASGOW LTD

POWER-LITE ELECTRICAL GLASGOW LTD (REGISTERED NUMBER: SC432993)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

POWER-LITE ELECTRICAL GLASGOW LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2014







DIRECTOR: A Rhodes





REGISTERED OFFICE: Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA





REGISTERED NUMBER: SC432993 (Scotland)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA
Page 1
POWER-LITE ELECTRICAL GLASGOW LTD (REGISTERED NUMBER: SC432993)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 8,720 9,810
Tangible assets 3 21,264 20,359
29,984 30,169

CURRENT ASSETS
Stocks 583 849
Debtors 12,578 13,913
Cash at bank and in hand 24,050 21,724
37,211 36,486
CREDITORS
Amounts falling due within one year 61,213 65,591
NET CURRENT LIABILITIES (24,002 ) (29,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,982
1,064

CREDITORS
Amounts falling due after more than
one year
4,543
-
NET ASSETS 1,439 1,064

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,339 964
SHAREHOLDERS' FUNDS 1,439 1,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these abbreviated accounts

Page 2 continued...
POWER-LITE ELECTRICAL GLASGOW LTD (REGISTERED NUMBER: SC432993)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2014


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 26 June 2015 and were signed by:





A Rhodes - Director


The notes form part of these abbreviated accounts

Page 3
POWER-LITE ELECTRICAL GLASGOW LTD (REGISTERED NUMBER: SC432993)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 10,900
AMORTISATION
At 1 October 2013 1,090
Amortisation for year 1,090
At 30 September 2014 2,180
NET BOOK VALUE

At 30 September 2014 8,720
At 30 September 2013 9,810

Page 4 continued...
POWER-LITE ELECTRICAL GLASGOW LTD (REGISTERED NUMBER: SC432993)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 27,145
Additions 7,994
At 30 September 2014 35,139
DEPRECIATION
At 1 October 2013 6,786
Charge for year 7,089
At 30 September 2014 13,875
NET BOOK VALUE
At 30 September 2014 21,264
At 30 September 2013 20,359

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

Page 5