CENTRAL_ELECTRICAL_SYSTEM - Accounts

CENTRAL ELECTRICAL SYSTEMS LTD - Company Information

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Company Registration No. 07154005 (England and Wales)

CENTRAL ELECTRICAL SYSTEMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

CENTRAL ELECTRICAL SYSTEMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CENTRAL ELECTRICAL SYSTEMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

9,722

11,920

Current assets

Debtors

93,986

75,237

Cash at bank and in hand

6,161

19,187

100,147

94,424

Creditors: amounts falling due within one year

(83,128)

(57,036)

Net current assets

17,019

37,388

Total assets less current liabilities

26,741

49,308

Capital and reserves

Called up share capital

100

Profit and loss account

26,641

49,208

Shareholders' funds

26,741

49,308

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 3 July 2015

Mr C Cox

Director

Company Registration No. 07154005

CENTRAL ELECTRICAL SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

20% on cost

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Fixed assets

Tangible assets

Cost

At 1 March 2014 & at 28 February 2015

24,132

Depreciation

At 1 March 2014

12,212

Charge for the year

2,198

At 28 February 2015

14,410

Net book value

At 28 February 2015

9,722

At 28 February 2014

11,920

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100