M & K Electrical & Data Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08185177 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2015

FOR

M & K ELECTRICAL & DATA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M T Salmon

REGISTERED OFFICE:

7 Poole Road

Hornchurch

Essex

RM11 3AS

REGISTERED NUMBER:

08185177 (England and Wales)

ACCOUNTANTS:

Chegwidden & Co

Chartered Accountants

Priestley House

Priestley Gardens

Chadwell Heath

Essex

RM6 4SN

FIXED ASSETS

Intangible assets

2

180,000

240,000

Tangible assets

3

14,047

18,849

194,047

258,849

CURRENT ASSETS

Debtors

104,952

140,715

Cash at bank and in hand

108,477

251,823

213,429

392,538

CREDITORS

Amounts falling due within one year

124,893

275,682

NET CURRENT ASSETS

88,536

116,856

TOTAL ASSETS LESS CURRENT LIABILITIES

282,583

375,705

CREDITORS

Amounts falling due after more than one year

(54,274

)

(168,324

)

PROVISIONS FOR LIABILITIES

(860

)

(1,393

)

NET ASSETS

227,449

205,988

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

227,349

205,888

SHAREHOLDERS' FUNDS

227,449

205,988

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 23rd January 2016 and were signed by:

M T Salmon - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, relates to the acquisition of an existing business on 1st May 2013 which was independently valued,

and which is being amortised evenly over its estimated useful life of five years.

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

-

33% on cost and 25% on reducing balance

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

and 30th April 2015

300,000

AMORTISATION

At 1st May 2014

60,000

Amortisation for year

60,000

At 30th April 2015

120,000

NET BOOK VALUE

At 30th April 2015

180,000

At 30th April 2014

240,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

and 30th April 2015

23,886

DEPRECIATION

At 1st May 2014

5,037

Charge for year

4,802

At 30th April 2015

9,839

NET BOOK VALUE

At 30th April 2015

14,047

At 30th April 2014

18,849

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100