AJ Wright (Electrical) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06411646

Abbreviated Accounts

for the Year Ended 31 December 2015

for

AJ Wright (Electrical) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms C H Pitt

J R Tansey

REGISTERED OFFICE:

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

REGISTERED NUMBER:

06411646

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

1,951

2,319

CURRENT ASSETS

Stocks

92,078

85,320

Debtors

360,148

374,303

Cash at bank and in hand

4,422

1,450

456,648

461,073

CREDITORS

Amounts falling due within one year

281,601

246,389

NET CURRENT ASSETS

175,047

214,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

176,998

217,003

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

159,160

Profit and loss account

17,738

57,743

SHAREHOLDERS' FUNDS

176,998

217,003

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 13 June 2016 and were signed on its
behalf by:

Ms C H Pitt - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

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.

Furniture, fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

6,117

DEPRECIATION

At 1 January 2015

3,798

Charge for year

368

At 31 December 2015

4,166

NET BOOK VALUE

At 31 December 2015

1,951

At 31 December 2014

2,319

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary A

£1

100

4.	ULTIMATE PARENT COMPANY

HCompanyOne Limited is regarded by the directors as being the company's ultimate parent company.