PTS Electrical Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05645545 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

PTS ELECTRICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R.F. Pearce

SECRETARY:

R.F. Pearce

REGISTERED OFFICE:

Artichoke House

11 Swinegate

Grantham

Lincolnshire

NG31 6RJ

REGISTERED NUMBER:

05645545 (England and Wales)

ACCOUNTANTS:

Burgin & Company

Artichoke House

11 Swinegate

Grantham

Lincolnshire

NG31 6RJ

FIXED ASSETS

Tangible assets

2

555,283

482,651

CURRENT ASSETS

Stocks

10,500

10,500

Debtors

294,712

243,268

Investments

100,000

-

Cash at bank

248,523

420,685

653,735

674,453

CREDITORS

Amounts falling due within one year

168,794

226,028

NET CURRENT ASSETS

484,941

448,425

TOTAL ASSETS LESS CURRENT LIABILITIES

1,040,224

931,076

PROVISIONS FOR LIABILITIES

9,086

9,026

NET ASSETS

1,031,138

922,050

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

1,031,136

922,048

SHAREHOLDERS' FUNDS

1,031,138

922,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 14 October 2015 and were signed by:

R.F. Pearce - 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.

Freehold property

-

not provided

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

556,836

Additions

126,747

Disposals

(27,336

)

At 30 April 2015

656,247

DEPRECIATION

At 1 May 2014

74,185

Charge for year

34,728

Eliminated on disposal

(7,949

)

At 30 April 2015

100,964

NET BOOK VALUE

At 30 April 2015

555,283

At 30 April 2014

482,651

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2