Abbreviated Company Accounts - SERKIT ELECTRICAL LIMITED

SERKIT ELECTRICAL LIMITED - Company Information

05028443 SERKIT ELECTRICAL LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 05028443 2015-03-01 2016-02-28 05028443 2016-02-28 05028443 2015-02-28 05028443 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 05028443 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 05028443

SERKIT ELECTRICAL LIMITED

Abbreviated Accounts

28 February 2016

SERKIT ELECTRICAL LIMITED Registered Number 05028443

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	24,000	27,000
Tangible assets	3	92,097	90,927
		116,097	117,927
Current assets
Debtors		142,072	233,634
Cash at bank and in hand		27,941	227
		170,013	233,861
Creditors: amounts falling due within one year	4	(96,820)	(227,255)
Net current assets (liabilities)		73,193	6,606
Total assets less current liabilities		189,290	124,533
Creditors: amounts falling due after more than one year	4	(5,495)	(13,187)
Provisions for liabilities		(16,393)	(3,354)
Total net assets (liabilities)		167,402	107,992
Capital and reserves
Called up share capital	5	2	2
Profit and loss account		167,400	107,990
Shareholders' funds		167,402	107,992

For the year ending 28 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 April 2016

And signed on their behalf by:
M Wilson, Director

SERKIT ELECTRICAL LIMITED Registered Number 05028443

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amounts chargeable in respect of the sale of the goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Plant and machinery 15% reducing balance
Fixtures and fittings 15% reducing balance
Motor vehicles 25% reducing balance

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Goodwill 5% straight line

2Intangible fixed assets

	£
Cost
At 1 March 2015	60,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	60,000
Amortisation
At 1 March 2015	33,000
Charge for the year	3,000
On disposals	-
At 28 February 2016	36,000
Net book values
At 28 February 2016	24,000
At 28 February 2015	27,000

3Tangible fixed assets

	£
Cost
At 1 March 2015	141,380
Additions	70,902
Disposals	(71,410)
Revaluations	-
Transfers	-
At 28 February 2016	140,872
Depreciation
At 1 March 2015	50,453
Charge for the year	17,997
On disposals	(19,675)
At 28 February 2016	48,775
Net book values
At 28 February 2016	92,097
At 28 February 2015	90,927

4Creditors

	2016 £	2015 £
Secured Debts	14,103	73,937

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2