Electrification Design Limited - Limited company accounts 11.7

REGISTERED NUMBER: 06586620 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

ELECTRIFICATION DESIGN LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

D Scholtz

SECRETARY:

Mrs M Scholtz

REGISTERED OFFICE:

75 Park Lane

Croydon

Surrey

CR9 1XS

REGISTERED NUMBER:

06586620 (England and Wales)

ACCOUNTANTS:

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

The director presents his report with the financial statements of the company for the year ended 31 March 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Railway Consultancy.

DIRECTOR

D Scholtz held office during the whole of the period from 1 April 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

THIS REPORT WAS APPROVED BY THE BOARD:

D Scholtz - Director

28 June 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Electrification Design Limited for the year ended 31 March 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Electrification Design Limited in accordance with the terms of our engagement letter dated 24 May 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Electrification Design Limited and state those matters that we have agreed to state to the director of Electrification Design Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Electrification Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Electrification Design Limited. You consider that Electrification Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Electrification Design

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

29 June 2015

TURNOVER

182,534

211,925

Administrative expenses

38,105

37,012

OPERATING PROFIT

2

144,429

174,913

Interest receivable and similar income

214

169

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

144,643

175,082

Tax on profit on ordinary activities

3

29,197

34,834

PROFIT FOR THE FINANCIAL YEAR

115,446

140,248

FIXED ASSETS

Tangible assets

5

499

1,428

CURRENT ASSETS

Cash at bank

70,164

98,543

CREDITORS

Amounts falling due within one year

6

40,611

50,365

NET CURRENT ASSETS

29,553

48,178

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,052

49,606

CAPITAL AND RESERVES

Called up share capital

7

100

Profit and loss account

8

29,952

49,506

SHAREHOLDERS' FUNDS

30,052

49,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 28 June 2015 and were signed by:

D Scholtz - 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 the amounts derived from providing railway consultancy services net of Value Added Tax.

Tangible fixed assets

Depreciation is provided on all tangible and intangible fixed assets at rates calculated to write off the cost of each

asset less its estimated residual value on a straight line basis, over its expected useful life, as follows;

Computer Equipment - 33% per annum

Deferred tax

Deferred tax is provided using the liability method in respect of all material timing differences that have

originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered

more likely than not that future profits will be available for offset. The company has not adopted a policy of

discounting deferred tax assets and liabilities.

Cash flow statement

The company qualifies as a small company under the Companies Act 2006. The directors have elected to take

advantage of the exemption under FRSSE not to prepare a cash flow statement.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2015

2014

£

Depreciation - owned assets

1,479

1,051

Employer's Pension Contributions

13,000

Director's remuneration and other benefits etc

7,956

7,692

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2015

2014

£

Current tax:

UK corporation tax

29,197

34,834

Tax on profit on ordinary activities

29,197

34,834

4.

DIVIDENDS

2015

2014

£

Final

135,000

123,500

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2014

4,241

Additions

550

At 31 March 2015

4,791

DEPRECIATION

At 1 April 2014

2,813

Charge for year

1,479

At 31 March 2015

4,292

NET BOOK VALUE

At 31 March 2015

499

At 31 March 2014

1,428

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Corporation tax

29,197

34,834

Other taxes and social security

6,687

11,177

Director's loan account

3,327

2,954

Accruals

1,400

40,611

50,365

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

150

Ordinary

£1

100

8.

RESERVES

Profit

and loss

account

£

At 1 April 2014

49,506

Profit for the year

115,446

Dividends

(135,000

)

At 31 March 2015

29,952

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £135,000 (2014: £123,500) were paid to the director.