Clemson Electrical Services (NW) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05844429 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Clemson Electrical Services (Northwest)

Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Clemson

S Clemson

SECRETARY:

N Clemson

REGISTERED OFFICE:

Bull Hole Farm

Well Head Road

Newchuch in Pendle

Burnley

Lancashire

BB12 9LP

REGISTERED NUMBER:

05844429 (England and Wales)

ACCOUNTANTS:

Egan Roberts Limited

Chartered Accountants

Manor Court

Salesbury Hall Road

Ribchester

Lancashire

PR3 3XR

FIXED ASSETS

Tangible assets

2

5,141

3,843

CURRENT ASSETS

Stocks

3,000

2,000

Debtors

201,209

189,896

Cash at bank

135,521

115,972

339,730

307,868

CREDITORS

Amounts falling due within one year

205,590

203,367

NET CURRENT ASSETS

134,140

104,501

TOTAL ASSETS LESS CURRENT LIABILITIES

139,281

108,344

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

139,081

108,144

SHAREHOLDERS' FUNDS

139,281

108,344

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 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 21 December 2015 and were signed on its behalf by:

N Clemson - 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

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

14,251

Additions

3,256

At 31 March 2015

17,507

DEPRECIATION

At 1 April 2014

10,408

Charge for year

1,958

At 31 March 2015

12,366

NET BOOK VALUE

At 31 March 2015

5,141

At 31 March 2014

3,843

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

200

Ordinary

£1

200

200