I.E.R. Electrical Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01337508 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

I.E.R. ELECTRICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

I P Lauder

Mrs N A Lauder

SECRETARY:

I P Lauder

REGISTERED OFFICE:

The Larches

10A Sibden Road

Shanklin

Isle of Wight

PO37 7NT

REGISTERED NUMBER:

01337508 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Tangible assets

2

252

330

CURRENT ASSETS

Stocks

2,025

370

Debtors

2,627

4,074

Cash at bank and in hand

5,254

7

9,906

4,451

CREDITORS

Amounts falling due within one year

3,412

4,337

NET CURRENT ASSETS

6,494

114

TOTAL ASSETS LESS CURRENT LIABILITIES

6,746

444

PROVISIONS FOR LIABILITIES

50

66

NET ASSETS

6,696

378

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

6,596

278

SHAREHOLDERS' FUNDS

6,696

378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 6 June 2016 and were signed on its behalf by:

I P Lauder - Director

Mrs N A Lauder - 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 and services, 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.

Plant and machinery etc

-

25% on reducing balance and 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

7,040

DEPRECIATION

At 1 December 2014

6,710

Charge for year

78

At 30 November 2015

6,788

NET BOOK VALUE

At 30 November 2015

252

At 30 November 2014

330

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100