Abbreviated Company Accounts - P.C. WRIGHT ELECTRICAL LIMITED

P.C. WRIGHT ELECTRICAL LIMITED - Company Information

05576406 P.C. WRIGHT ELECTRICAL LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 05576406 2015-01-01 2015-12-31 05576406 2015-12-31 05576406 2014-12-31 05576406 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 05576406 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 05576406

P.C. WRIGHT ELECTRICAL LIMITED

Abbreviated Accounts

31 December 2015

P.C. WRIGHT ELECTRICAL LIMITED Registered Number 05576406

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,903	10,379
		8,903	10,379
Current assets
Stocks		429	447
Debtors		15,040	14,276
Cash at bank and in hand		50,768	36,009
		66,237	50,732
Creditors: amounts falling due within one year		(71,401)	(57,552)
Net current assets (liabilities)		(5,164)	(6,820)
Total assets less current liabilities		3,739	3,559
Provisions for liabilities		(1,740)	(2,076)
Total net assets (liabilities)		1,999	1,483
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		999	483
Shareholders' funds		1,999	1,483

For the year ending 31 December 2015 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 27 May 2016

And signed on their behalf by:
G P Wright, Director

P.C. WRIGHT ELECTRICAL LIMITED Registered Number 05576406

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2015	20,658
Additions	1,401
Disposals	(715)
Revaluations	-
Transfers	-
At 31 December 2015	21,344
Depreciation
At 1 January 2015	10,279
Charge for the year	2,443
On disposals	(281)
At 31 December 2015	12,441
Net book values
At 31 December 2015	8,903
At 31 December 2014	10,379

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000