Ashton Davis Electrical Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00753620 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

ASHTON DAVIS ELECTRICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

L Davis

SECRETARY:

Mrs M E Davis

REGISTERED OFFICE:

18 Ace Parade

Hook Road

Chessington

Surrey

KT9 1DS

REGISTERED NUMBER:

00753620 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

2

2,291

3,511

Investments

3

1,540

1,540

3,831

5,051

CURRENT ASSETS

Stocks

23,415

15,647

Debtors

20,622

12,294

Cash at bank and in hand

72,755

75,289

116,792

103,230

CREDITORS

Amounts falling due within one year

109,784

99,265

NET CURRENT ASSETS

7,008

3,965

TOTAL ASSETS LESS CURRENT LIABILITIES

10,839

9,016

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

10,739

8,916

SHAREHOLDERS' FUNDS

10,839

9,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 June 2016 and were signed by:

L Davis - 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).

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 comprises sales, rentals and repairs of electrical goods, net of discounts and 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.

Equipment, fixtures & fittings

-

20% on cost

Computer equipment

-

33% on cost

It is the company's general policy to capitalise fixed assets where cost exceeds £200.

Stocks

Stocks are valued at the lower of actual cost or net realisable value, excluding Value Added

Tax.

Deferred tax

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

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

Income from operating leases

Income from operating leases is credited to profit and loss account in the period to which it

relates.

Fixed asset investments

The valuation of the fixed asset investment is calculated in accordance with the principle of

historical cost, less impairment for any permanent decline in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

16,918

DEPRECIATION

At 1 October 2014

13,407

Charge for year

1,220

At 30 September 2015

14,627

NET BOOK VALUE

At 30 September 2015

2,291

At 30 September 2014

3,511

3.	FIXED ASSET INVESTMENTS

Investments

other than

loans

£

COST

At 1 October 2014

and 30 September 2015

1,540

NET BOOK VALUE

At 30 September 2015

1,540

At 30 September 2014

1,540

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE CONTROLLING PARTY

Mr L G Davis is the ultimate controlling party by virtue of holding 100% of the issued share

capital.