Lighten Up Electrical Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06722854 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

Lighten Up Electrical Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P J Carey

REGISTERED OFFICE:

First Floor, East Wing

Priory Buildings

Church Hill

Orpington

Kent

BR6 0HH

REGISTERED NUMBER:

06722854 (England and Wales)

ACCOUNTANTS:

Latham Lambourne Ltd

First Floor, East Wing

Priory Buildings

Church Hill

Orpington

Kent

BR6 0HH

FIXED ASSETS

Tangible assets

2

2,419

2,611

CURRENT ASSETS

Stocks

2,190

-

Debtors

16,524

8,542

Cash at bank and in hand

20,671

13,540

39,385

22,082

CREDITORS

Amounts falling due within one year

40,530

26,035

NET CURRENT LIABILITIES

(1,145

)

(3,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,274

(1,342

)

PROVISIONS FOR LIABILITIES

484

522

NET ASSETS/(LIABILITIES)

790

(1,864

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

789

(1,865

)

SHAREHOLDERS' FUNDS

790

(1,864

)

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 15 June 2015 and were signed by:

P J Carey - 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

represents the net invoiced sales of services, 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 and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 November 2013

4,439

Additions

615

At 31 October 2014

5,054

DEPRECIATION

At 1 November 2013

1,828

Charge for year

807

At 31 October 2014

2,635

NET BOOK VALUE

At 31 October 2014

2,419

At 31 October 2013

2,611

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

1

Ordinary

1

1

1