MRA Electrical & Security Limited - Limited company - abbreviated

REGISTERED NUMBER: 05699688 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

MRA Electrical & Security Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Ashurst

SECRETARY:

Mrs J Ashurst

REGISTERED OFFICE:

11 Peckets Way

Knox House Farm

Harrogate

North Yorkshire

HG1 3EW

REGISTERED NUMBER:

05699688 (England and Wales)

ACCOUNTANTS:

Walker Associates

Royal House

110 Station Parade

Harrogate

North Yorkshire

HG1 1EP

FIXED ASSETS

Intangible assets

2

850

1,700

Tangible assets

3

96,796

98,796

97,646

100,496

CURRENT ASSETS

Stocks

11,500

9,500

Debtors

38,805

32,912

Cash at bank

932

1,540

51,237

43,952

CREDITORS

Amounts falling due within one year

47,597

30,991

NET CURRENT ASSETS

3,640

12,961

TOTAL ASSETS LESS CURRENT
LIABILITIES

101,286

113,457

CREDITORS

Amounts falling due after more than one
year

4

86,197

79,393

NET ASSETS

15,089

34,064

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

15,088

34,063

SHAREHOLDERS' FUNDS

15,089

34,064

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 30 January 2016 and were signed by:

M Ashurst - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

8,500

AMORTISATION

At 1 April 2014

6,800

Amortisation for year

850

At 31 March 2015

7,650

NET BOOK VALUE

At 31 March 2015

850

At 31 March 2014

1,700

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

138,775

Additions

3,000

At 31 March 2015

141,775

DEPRECIATION

At 1 April 2014

39,979

Charge for year

5,000

At 31 March 2015

44,979

NET BOOK VALUE

At 31 March 2015

96,796

At 31 March 2014

98,796

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.15

31.3.14

£

Repayable by instalments

79,393

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

1

Ordinary

£1

1

MRA Electrical & Security Limited - Limited company - abbreviated - 11.6

MRA Electrical & Security Limited - Limited company - abbreviated - 11.6