Alex Nangle (Electrical) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC111872 (Scotland)

Abbreviated Accounts for the Year Ended 30 September 2015

for

ALEX NANGLE (ELECTRICAL) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

A Nangle

Mrs J S Nangle

Mrs E Barr

REGISTERED OFFICE:

Unit 1 Telford Square

Houston Industrial Estate

Livingston

EH54 5PQ

REGISTERED NUMBER:

SC111872 (Scotland)

ACCOUNTANTS:

G O Thomson & Co

Chartered Accountants

13 Hope Street

Lanark

Lanarkshire

ML11 7NL

FIXED ASSETS

Tangible assets

2

410,742

428,908

CURRENT ASSETS

Stocks

442,147

396,928

Debtors

335,807

348,982

Cash at bank and in hand

83,913

75,827

861,867

821,737

CREDITORS

Amounts falling due within one year

533,325

460,656

NET CURRENT ASSETS

328,542

361,081

TOTAL ASSETS LESS CURRENT LIABILITIES

739,284

789,989

CREDITORS

Amounts falling due after more than one year

(112,036

)

(129,573

)

PROVISIONS FOR LIABILITIES

(15,192

)

(17,308

)

NET ASSETS

612,056

643,108

CAPITAL AND RESERVES

Called up share capital

3

26,000

26,000

Capital redemption reserve

(622

)

(622

)

Profit and loss account

586,678

617,730

SHAREHOLDERS' FUNDS

612,056

643,108

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 December 2015 and were signed on its behalf by:

Mrs E Barr - 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

-

2% on reducing balance

Furniture & equipment

-

20% 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

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

610,284

Additions

391

At 30 September 2015

610,675

DEPRECIATION

At 1 October 2014

181,376

Charge for year

18,557

At 30 September 2015

199,933

NET BOOK VALUE

At 30 September 2015

410,742

At 30 September 2014

428,908

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

26,000

Ordinary

£1

26,000

26,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

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 Alex Nangle (Electrical) Limited for the year ended 30 September 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Alex Nangle (Electrical) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alex Nangle (Electrical) Limited and state those matters that we have agreed to state to the Board of Directors of Alex Nangle (Electrical) Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alex Nangle (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 loss of Alex Nangle (Electrical) Limited. You consider that Alex Nangle (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 financial statements of Alex Nangle (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.

G O Thomson & Co

Chartered Accountants

13 Hope Street

Lanark

Lanarkshire

ML11 7NL

1 December 2015