Plummer Electrical Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08325065 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

10 DECEMBER 2012 TO 30 APRIL 2014

FOR

PLUMMER ELECTRICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J C R Plummer

Mr C W Leeder

Mrs H J Sadler

REGISTERED OFFICE:

3 Cornish Way

North Walsham

Norfolk

NR28 0AW

REGISTERED NUMBER:

08325065 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

2a Church Street

North Walsham

Norfolk

NR28 9DA

FIXED ASSETS

Tangible assets

2

10,485

CURRENT ASSETS

Stocks

14,964

Debtors

10,444

Cash at bank and in hand

33,438

58,846

CREDITORS

Amounts falling due within one year

74,464

NET CURRENT LIABILITIES

(15,618

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,133

)

CAPITAL AND RESERVES

Called up share capital

3

75

Profit and loss account

(5,208

)

SHAREHOLDERS' FUNDS

(5,133

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 1 September 2014 and were signed on its behalf by:

Mrs H J Sadler - 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 etc

-

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.

Going concern

The accounts have been drawn up on the basis of a going concern despite the net liabilities position

indicated by the balance sheet. The directors consider that the company is now trading profitably and

have agreed not to repay their loans until the net liabilities position has been cleared.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

13,980

At 30 April 2014

13,980

DEPRECIATION

Charge for period

3,495

At 30 April 2014

3,495

NET BOOK VALUE

At 30 April 2014

10,485

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

75

Ordinary

£1

75

75 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES