Peter Harris Electrical Contracting Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04591655 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Peter Harris Electrical Contracting

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Harris

Mrs K Harris

SECRETARY:

Mrs K Harris

REGISTERED OFFICE:

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

REGISTERED NUMBER:

04591655 (England and Wales)

ACCOUNTANTS:

Morgan Griffiths LLP

Chartered Accountants

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

FIXED ASSETS

Tangible assets

2

21,152

10,401

CURRENT ASSETS

Stocks

4,701

2,513

Debtors

25,577

36,619

Cash at bank

1,912

17,963

32,190

57,095

CREDITORS

Amounts falling due within one year

3

32,062

47,816

NET CURRENT ASSETS

128

9,279

TOTAL ASSETS LESS CURRENT LIABILITIES

21,280

19,680

CREDITORS

Amounts falling due after more than one year

3

(3,616

)

-

PROVISIONS FOR LIABILITIES

(4,231

)

(2,080

)

NET ASSETS

13,433

17,600

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

13,333

17,500

SHAREHOLDERS' FUNDS

13,433

17,600

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 15 September 2015 and were signed on its behalf by:

Mrs K Harris - 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 work done, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

39,337

Additions

16,300

Disposals

(13,600

)

At 31 December 2014

42,037

DEPRECIATION

At 1 January 2014

28,936

Charge for year

1,983

Eliminated on disposal

(10,034

)

At 31 December 2014

20,885

NET BOOK VALUE

At 31 December 2014

21,152

At 31 December 2013

10,401

3.

CREDITORS

Creditors include an amount of £ 5,682 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100