ELECMEC LIMITED - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06747283 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

ELECMEC LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M HORTON

MS A HORTON

SECRETARY:

M HORTON

REGISTERED OFFICE:

OFFICE 5, IN2 CONNECT HOUSE,

ACTON STREET

LONG EATON

NOTTINGHAM

Nottinghamshire

NG10 1FT

REGISTERED NUMBER:

06747283 (England and Wales)

ACCOUNTANTS:

ROCKET BUSINESS SERVICES LTD

26 BAKEWELL ROAD

LONG EATON

NOTTINGHAM

Nottinghamshire

NG10 1NX

CURRENT ASSETS

Stocks

41,402

29,691

Debtors

24,834

25,205

Cash at bank

65,164

80,096

131,400

134,992

CREDITORS

Amounts falling due within one year

18,792

21,129

NET CURRENT ASSETS

112,608

113,863

TOTAL ASSETS LESS CURRENT LIABILITIES

112,608

113,863

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

112,508

113,763

SHAREHOLDERS' FUNDS

112,608

113,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 February 2016 and were signed on its behalf by:

M HORTON - 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 etc

-

50% on cost

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

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

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

2,202

DEPRECIATION

At 1 January 2015

and 31 December 2015

2,202

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

ORDINARY £1 SHARES

1

98

98

23

ORDINARY £0.001 NON VOTING A

0.001

1

1

39

ORDINARY£0.001 NON VOTING B &

C

0.001

1

1

100

100