Electricor Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05614875 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2014

for

ELECTRICOR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

I S Watson Esq.

REGISTERED OFFICE:

63 Calshot Drive

Chandlers Ford

Eastleigh

Hampshire

SO53 3NY

REGISTERED NUMBER:

05614875 (England and Wales)

ACCOUNTANTS:

Walji & Co Private Clients Limited

Prospect House

50 Leigh Road

Eastleigh

Hampshire

SO50 9DT

FIXED ASSETS

Tangible assets

2

6,577

7,118

CURRENT ASSETS

Debtors

18,197

16,493

Cash at bank

2,257

900

20,454

17,393

CREDITORS

Amounts falling due within one year

26,163

23,668

NET CURRENT LIABILITIES

(5,709

)

(6,275

)

TOTAL ASSETS LESS CURRENT LIABILITIES

868

843

PROVISIONS FOR LIABILITIES

551

446

NET ASSETS

317

397

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

217

297

SHAREHOLDERS' FUNDS

317

397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 31 July 2015 and were signed by:

I S Watson Esq. - 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 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.

Office conversion

-

10% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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 December 2013

23,160

Additions

1,758

At 30 November 2014

24,918

DEPRECIATION

At 1 December 2013

16,042

Charge for year

2,299

At 30 November 2014

18,341

NET BOOK VALUE

At 30 November 2014

6,577

At 30 November 2013

7,118

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 November 2014 and 30 November 2013:

30.11.14

30.11.13

£

£

I S Watson Esq.

Balance outstanding at start of year

10,542

9,717

Amounts advanced

19,100

25,773

Amounts repaid

(17,399

)

(24,948

)

Balance outstanding at end of year

12,243

10,542

Interest has been charged on the Director's loan at a rate of 3.25%.