Henderson Electrical Systems Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC181321 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended

31 December 2014

for

HENDERSON ELECTRICAL SYSTEMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

D Henderson

REGISTERED OFFICE:

Erin Lodge

Fairyknowe Gardens

Bothwell

Glasgow

G71 8RW

REGISTERED NUMBER:

SC181321 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

2

26,780

12,256

CURRENT ASSETS

Stocks

1,700

1,850

Debtors

44,999

23,329

Cash at bank

10,219

19,743

56,918

44,922

CREDITORS

Amounts falling due within one year

(56,572

)

(57,693

)

NET CURRENT ASSETS/(LIABILITIES)

346

(12,771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,126

(515

)

PROVISIONS FOR LIABILITIES

(1,413

)

(1,413

)

NET ASSETS/(LIABILITIES)

25,713

(1,928

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

25,613

(2,028

)

SHAREHOLDERS' FUNDS

25,713

(1,928

)

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 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 24 July 2015 and were signed by:

D Henderson - 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

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 January 2014

52,990

Additions

25,526

Disposals

(16,300

)

At 31 December 2014

62,216

DEPRECIATION

At 1 January 2014

40,734

Charge for year

8,827

Eliminated on disposal

(14,125

)

At 31 December 2014

35,436

NET BOOK VALUE

At 31 December 2014

26,780

At 31 December 2013

12,256

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1.00

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and

31 December 2013:

2014

2013

£

£

D Henderson

Balance outstanding at start of year

45,831

3,648

Amounts advanced

-

42,183

Amounts repaid

(18,107

)

-

Balance outstanding at end of year

27,724

45,831

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two

to five) have been prepared.

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

financial statements of Henderson Electrical Systems Limited for the year ended 31 December 2014 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of Henderson Electrical Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Henderson Electrical Systems Limited and state those matters that we have agreed to state to the director of Henderson Electrical Systems Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. 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 Henderson Electrical Systems 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 Henderson Electrical Systems Limited. You consider that Henderson Electrical Systems 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 Henderson Electrical

Systems 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.

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

24 July 2015