Tebbutt Electrical Ltd - Abbreviated accounts

TEBBUTT ELECTRICAL LTD - Company Information

Registered number

05116685

Tebbutt Electrical Ltd

Unaudited Abbreviated Accounts

31 March 2016

Tebbutt Electrical Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Tebbutt Electrical Ltd 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 abbreviated accounts of Tebbutt Electrical Ltd for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Tebbutt Electrical Ltd, as a body, in accordance with the terms of our engagement letter dated 8 August 2005. Our work has been undertaken solely to prepare for your approval the accounts of Tebbutt Electrical Ltd and state those matters that we have agreed to state to the Board of Directors of Tebbutt Electrical Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tebbutt Electrical Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tebbutt Electrical Ltd 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 Tebbutt Electrical Ltd. You consider that Tebbutt Electrical Ltd 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 Tebbutt Electrical Ltd. 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 abbreviated accounts.

Jon Essam & Co Ltd
Chartered Accountants
23 Cottingham Way
Thrapston
Kettering
Northants
NN14 4PL

17 June 2016

Tebbutt Electrical Ltd
Registered number:		05116685
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		2,799			2,885

Current assets
Stocks		350			350
Debtors		956			1,029
Cash at bank and in hand		12,114			7,170
		13,420			8,549

Creditors: amounts falling due within one year		(1,521)			(1,509)

Net current assets			11,899			7,040

Total assets less current liabilities			14,698			9,925

Creditors: amounts falling due after more than one year			(27,000)			(23,000)

Provisions for liabilities			(535)			(546)


Net liabilities			(12,837)			(13,621)

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			(12,839)			(13,623)

Shareholder's funds			(12,837)			(13,621)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



M J Tebbutt
Director
Approved by the board on 17 June 2016

Tebbutt Electrical Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 1/4/2008).

	Turnover
	Turnover represents the value, net of discounts, of materials provided to customers and work carried out in respect of electrical services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Tools & office equipment			20% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net relisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net relisable value is less than cost.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Going concern
	The company currently meets its daily working capital requirement through operating revenues and financial support from the director and creditors. On this basis the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additonal finance that may prove necessary.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					12,052
	Additions					664
	At 31 March 2016					12,716

	Depreciation
	At 1 April 2015					9,167
	Charge for the year					750
	At 31 March 2016					9,917

	Net book value
	At 31 March 2016					2,799
	At 31 March 2015					2,885


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2