CES ELECTRICAL LIMITED - Period Ending 2015-03-31

Registration number: 06482439

CES ELECTRICAL LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Minney & Company Limited
Chartered Accountants
59 Union Street
Dunstable
Beds
LU6 1EX

CES ELECTRICAL LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
CES ELECTRICAL LIMITED
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CES ELECTRICAL LIMITED for the year ended 31 March 2015 set out on pages 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 Board of Directors of CES ELECTRICAL LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CES ELECTRICAL LIMITED and state those matters that we have agreed to state to them, as a body, 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 CES ELECTRICAL LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CES ELECTRICAL LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CES ELECTRICAL LIMITED. You consider that CES ELECTRICAL 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 accounts of CES ELECTRICAL 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 accounts.

......................................

Minney & Company Limited
Chartered Accountants
59 Union Street
Dunstable
Beds
LU6 1EX

10 September 2015

Page 1

CES ELECTRICAL LIMITED
(Registration number: 06482439)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					22,500			30,000
Tangible fixed assets		2			31,624			23,820
					54,124			53,820
Current assets
Debtors					165,363			48,073
Cash at bank and in hand					594,336			451,579
					759,699			499,652
Creditors: Amounts falling due within one year					(114,898)			(68,826)
Net current assets					644,801			430,826
Net assets					698,925			484,646
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					698,923			484,644
Shareholders' funds					698,925			484,646

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 10 September 2015 and signed on its behalf by:

.........................................
Mr David Lee
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

CES ELECTRICAL LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 invoiced amount of services supplied by the company, stated net of value added tax. The turnover, which all arises within the United Kingdom, and pre-tax profit is attributable to one activity, that of providing electrical services

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Depreciation

Dereciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off cost or valuation, less estimated residual value of each asset over it's expected useful life, as follows :-

Asset class	Depreciation method and rate
Office Equipment	20% reducing balance method

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

CES ELECTRICAL LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2014		75,000			30,289			105,289
Additions		-			14,509			14,509
At 31 March 2015		75,000			44,798			119,798
Depreciation
At 1 April 2014		45,000			6,469			51,469
Charge for the year		7,500			6,705			14,205
At 31 March 2015		52,500			13,174			65,674
Net book value
At 31 March 2015		22,500			31,624			54,124
At 31 March 2014		30,000			23,820			53,820

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4