I.E.D. Electrical Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05871026 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2015

for

I.E.D. Electrical Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

I E Dunk

SECRETARY:

A I Dunk

REGISTERED OFFICE:

144 Mackie Avenue

Brighton

East Sussex

BN1 8SB

REGISTERED NUMBER:

05871026 (England and Wales)

ACCOUNTANTS:

AC TAX SERVICES

144 Mackie Avenue

Brighton

East Sussex

BN1 8SB

BANKERS:

Natwest

56 Churchill Square

Brighton

East Sussex

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FIXED ASSETS

Tangible assets

2

1,030

1,497

CURRENT ASSETS

Debtors

-

800

Cash at bank

2,964

2,514

2,964

3,314

CREDITORS

Amounts falling due within one year

2,791

2,598

NET CURRENT ASSETS

173

716

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,203

2,213

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,103

2,113

SHAREHOLDERS' FUNDS

1,203

2,213

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 April 2016 and were signed by:

I E Dunk - 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 January

2015).

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

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

15,018

Disposals

(1,038

)

At 31 July 2015

13,980

DEPRECIATION

At 1 August 2014

13,521

Charge for year

343

Eliminated on disposal

(914

)

At 31 July 2015

12,950

NET BOOK VALUE

At 31 July 2015

1,030

At 31 July 2014

1,497

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2015 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

AC TAX SERVICES

144 Mackie Avenue

Brighton

East Sussex

BN1 8SB

21 April 2016