Links Electrical Supplies (Porthmadog) L - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07507718 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Links Electrical Supplies (Porthmadog)

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Lawton

D G Morgan

C D Owen

Mr P A Passant

D L Poyner

P R M Wilson

REGISTERED OFFICE:

Units 34-36

Mochdre Industrial Estate

Newtown

Powys

SY16 4LE

REGISTERED NUMBER:

07507718 (England and Wales)

ACCOUNTANTS:

Cox & Co

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

FIXED ASSETS

Tangible assets

2

7,629

8,810

CURRENT ASSETS

Stocks

74,370

69,157

Debtors

240,487

162,205

Cash at bank and in hand

19,684

31,601

334,541

262,963

CREDITORS

Amounts falling due within one year

(267,290

)

(241,466

)

NET CURRENT ASSETS

67,251

21,497

TOTAL ASSETS LESS CURRENT LIABILITIES

74,880

30,307

PROVISIONS FOR LIABILITIES

(38

)

(274

)

NET ASSETS

74,842

30,033

CAPITAL AND RESERVES

Called up share capital

3

500

500

Profit and loss account

74,342

29,533

SHAREHOLDERS' FUNDS

74,842

30,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 July 2015 and were signed on its behalf by:

Mr P A Passant - 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 goods, 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 cost, 20% on reducing balance and not provided

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

12,437

DEPRECIATION

At 1 January 2014

3,627

Charge for year

1,181

At 31 December 2014

4,808

NET BOOK VALUE

At 31 December 2014

7,629

At 31 December 2013

8,810

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

500

Ordinary

£1

500

500