J. Maughan Electrical Services Limited - Period Ending 2016-03-31

Registration number: 09195202

J. Maughan Electrical Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Effective Accounting Solutions Limited
Certified

J. Maughan Electrical Services Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
J. Maughan Electrical Services Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J. Maughan Electrical Services Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of J. Maughan Electrical Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of J. Maughan Electrical Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Maughan Electrical Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that J. Maughan Electrical Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J. Maughan Electrical Services Limited. You consider that J. Maughan Electrical Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of J. Maughan Electrical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Effective Accounting Solutions Limited
Certified

Date:.............................

Page 1

J. Maughan Electrical Services Limited
(Registration number: 09195202)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £			31 March 2015 £
Fixed assets
Tangible fixed assets					1,437			2,155
Current assets
Debtors					8,578			7,301
Cash at bank and in hand					346			380
					8,924			7,681
Creditors: Amounts falling due within one year					(10,351)			(9,826)
Net current liabilities					(1,427)			(2,145)
Net assets					10			10
Capital and reserves
Called up share capital		3			10			10
Shareholders' funds					10			10

For the year ending 31 March 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 director acknowledges his 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 director on 27 May 2016

.........................................
Mr Jeremy Maughan
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

J. Maughan Electrical Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

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:

Asset class	Depreciation method and rate
Plant and machinery	25% on cost
Motor vehicles	25% on cost
Office equipment	25% on cost

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		2,873			2,873
At 31 March 2016		2,873			2,873
Depreciation
At 1 April 2015		718			718
Charge for the year		718			718
At 31 March 2016		1,436			1,436
Net book value
At 31 March 2016		1,437			1,437
At 31 March 2015		2,155			2,155

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016						31 March 2015
		No.			£			No.			£
Ordinary of £1 each		10			10			10			10

Page 3