Powells Electrical (Shropshire) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07551603 (England and Wales)

POWELLS ELECTRICAL (SHROPSHIRE) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTOR:

R Powell

SECRETARY:

REGISTERED OFFICE:

Redbrook View

Redbrook

Whitchurch

Shropshire

SY13 3AD

REGISTERED NUMBER:

07551603 (England and Wales)

ACCOUNTANTS:

Colin F. Whitfield & Co Limited

Chartered Accountants

Redbrook View

Redbrook

Whitchurch

Shropshire

SY13 3AD

CALLED UP SHARE CAPITAL NOT PAID

100

100

FIXED ASSETS

Tangible assets

2

15,044

26,763

15,144

26,863

CURRENT ASSETS

Debtors

21,169

10,799

Cash at bank

29,656

15,654

50,825

26,453

CREDITORS

Amounts falling due within one year

51,346

38,699

NET CURRENT LIABILITIES

(521

)

(12,246

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,623

14,617

PROVISIONS FOR LIABILITIES

2,344

5,368

NET ASSETS

12,279

9,249

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

12,179

9,149

SHAREHOLDERS' FUNDS

12,279

9,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 December 2015 and were signed by:

R Powell - 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 the net invoiced value of goods and services, exclusive of 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

45,540

Additions

344

Disposals

(12,615

)

At 31 March 2015

33,269

DEPRECIATION

At 1 April 2014

18,777

Charge for year

4,494

Eliminated on disposal

(5,046

)

At 31 March 2015

18,225

NET BOOK VALUE

At 31 March 2015

15,044

At 31 March 2014

26,763

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

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

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to four) 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 Powells Electrical (Shropshire) Limited for the year 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Powells Electrical (Shropshire) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Powells Electrical (Shropshire) Limited and state those matters that we have agreed to state to the director of Powells Electrical (Shropshire) Limited 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 the company and its director for our work or for this report.

It is your duty to ensure that Powells Electrical (Shropshire) 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 Powells Electrical (Shropshire) Limited. You consider that Powells Electrical (Shropshire) 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 Powells Electrical

(Shropshire) 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.

Colin F. Whitfield & Co Limited

Chartered Accountants

Redbrook View

Redbrook

Whitchurch

Shropshire

SY13 3AD

17 December 2015