PAUL_MAYER_ELECTRICAL_LIM - Accounts

PAUL MAYER ELECTRICAL LIMITED - Company Information

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Company Registration No. 08884138 (England and Wales)

PAUL MAYER ELECTRICAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2015

PAUL MAYER ELECTRICAL LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

PAUL MAYER ELECTRICAL LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PAUL MAYER ELECTRICAL LIMITED FOR THE PERIOD ENDED 31 MARCH 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 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 Paul Mayer Electrical Limited for the period ended 31 March 2015 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 in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Paul Mayer Electrical Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Mayer Electrical Limited and state those matters that we have agreed to state to the Board of Directors of Paul Mayer Electrical Limited, 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 Paul Mayer Electrical Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Paul Mayer Electrical 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 Paul Mayer Electrical Limited. You consider that Paul Mayer Electrical Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Paul Mayer 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 financial statements.

Carpenter Box

6 November 2015

Chartered Accountants

Amelia House

Crescent Road

Worthing

West Sussex

BN11 1QR

PAUL MAYER ELECTRICAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 2 -

2015

Notes

Fixed assets

Tangible assets

9,800

Current assets

Debtors

8,539

Cash at bank and in hand

8,281

16,820

Creditors: amounts falling due within one year

(15,860)

Net current assets

960

Total assets less current liabilities

10,760

Creditors: amounts falling due after more than one year

(10,334)

Provisions for liabilities

(2,000)

(1,574)

Capital and reserves

Called up share capital

100

Profit and loss account

(1,674)

Shareholders' funds

(1,574)

For the financial period ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 November 2015

Mr P J Mayer

Director

Company Registration No. 08884138

PAUL MAYER ELECTRICAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts have been prepared on a going concern basis, which assumes that the company will continue trading for the foreseeable future. The directors have confirmed their continued support in meeting the company's liabilities as needed. The financial statements do not include any adjustments that would result from a withdrawal of their support.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% p.a reducing balance

Fixtures, fittings & equipment

25% p.a straight line

Motor vehicles

25% p.a reducing balance

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 10 February 2014

Additions

12,944

At 31 March 2015

12,944

Depreciation

At 10 February 2014

Charge for the period

3,144

At 31 March 2015

3,144

Net book value

At 31 March 2015

9,800

PAUL MAYER ELECTRICAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2015

- 4 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £2,701.

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £10,334.

Share capital

2015

Allotted, called up and fully paid

100 ordinary shares of of £1 each

100

During the period 100 ordinary shares of £1 each were allotted and fully paid at par for cash consideration.