Sterling Building + Electrical Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04937737 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2015

FOR

STERLING BUILDING + ELECTRICAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S A Sterling

SECRETARY:

Mrs C H Sterling

REGISTERED OFFICE:

24 Elwyn Road

Sutton Coldfield

West Midlands

B73 6LB

REGISTERED NUMBER:

04937737 (England and Wales)

ACCOUNTANTS:

B F Rumbold Limited

40 Yorke Avenue

Brierley Hill

West Midlands

DY5 3NB

FIXED ASSETS

Tangible assets

2

11,392

4,452

CURRENT ASSETS

Debtors

1,500

-

Cash in hand

7

7

1,507

7

CREDITORS

Amounts falling due within one year

15,426

7,512

NET CURRENT LIABILITIES

(13,919

)

(7,505

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,527

)

(3,053

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(2,529

)

(3,055

)

SHAREHOLDERS' FUNDS

(2,527

)

(3,053

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 19th March 2016 and were signed by:

S A Sterling - 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).

These accounts have been prepared on the going concern basis, on the understanding that

the director and shareholder will continue to financially support the company during this

uncertain period.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are

equivalent to a similar debt instrument, those financial instruments are classed as financial

liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and

gains or losses relating to financial liabilities are included in the profit and loss account.

Finance costs are calculated so as to produce a constant rate of return on the outstanding

liability.

Where the contractual terms of share capital do not have any terms meeting the definition

of a financial liability then this is classed as an equity instrument. Dividends and distributions

relating to equity instruments are debited direct to equity.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2014

26,079

Additions

10,995

Disposals

(16,995

)

At 31st October 2015

20,079

DEPRECIATION

At 1st November 2014

21,627

Charge for year

1,659

Eliminated on disposal

(14,599

)

At 31st October 2015

8,687

NET BOOK VALUE

At 31st October 2015

11,392

At 31st October 2014

4,452

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

2

Ordinary

1

2

2