A M Electrical Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04492619 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

A M ELECTRICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A J Marsh

Mrs B A Marsh

SECRETARY:

Mrs B A Marsh

REGISTERED OFFICE:

111 Bells Hill

Barnet

Hertfordshire

EN5 2ST

REGISTERED NUMBER:

04492619 (England and Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Intangible assets

2

2,695

3,080

Tangible assets

3

10,300

10,539

12,995

13,619

CURRENT ASSETS

Debtors

153,031

36,069

Cash at bank

120,542

23,810

273,573

59,879

CREDITORS

Amounts falling due within one year

165,914

46,800

NET CURRENT ASSETS

107,659

13,079

TOTAL ASSETS LESS CURRENT
LIABILITIES

120,654

26,698

PROVISIONS FOR LIABILITIES

1,682

1,647

NET ASSETS

118,972

25,051

CAPITAL AND RESERVES

Called up share capital

4

11

Profit and loss account

118,961

25,040

SHAREHOLDERS' FUNDS

118,972

25,051

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 16 May 2016 and were signed on its behalf
by:

A J Marsh - Director

Mrs B A Marsh - 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 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

7,700

AMORTISATION

At 1 September 2014

4,620

Amortisation for year

385

At 31 August 2015

5,005

NET BOOK VALUE

At 31 August 2015

2,695

At 31 August 2014

3,080

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

43,135

Additions

2,597

At 31 August 2015

45,732

DEPRECIATION

At 1 September 2014

32,596

Charge for year

2,836

At 31 August 2015

35,432

NET BOOK VALUE

At 31 August 2015

10,300

At 31 August 2014

10,539

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10

Ordinary A

£1

10

1

Ordinary B

£1

1

11

5.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 August 2015 and

31 August 2014:

2015

2014

£

A J Marsh and Mrs B A Marsh

Balance outstanding at start of year

-

Amounts advanced

76,483

-

Amounts repaid

(47,937

)

-

Balance outstanding at end of year

28,546

-