A J P Electrical Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03363169 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

A J P Electrical Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A J A Parsons

SECRETARY:

Mrs L Parsons

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

03363169 (England and Wales)

ACCOUNTANTS:

Dunkley's

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

2

5,156

7,064

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

3

41,236

36,839

Cash at bank

32

32

42,268

37,871

CREDITORS

Amounts falling due within one year

4

47,335

42,868

NET CURRENT LIABILITIES

(5,067

)

(4,997

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89

2,067

CREDITORS

Amounts falling due after more than one year

4

-

(1,456

)

PROVISIONS FOR LIABILITIES

-

(9

)

NET ASSETS

89

602

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(11

)

502

SHAREHOLDERS' FUNDS

89

602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 21 August 2014 and were signed by:

A J A Parsons - 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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

15,563

Additions

67

Disposals

(1,134

)

At 30 April 2014

14,496

DEPRECIATION

At 1 May 2013

8,499

Charge for year

1,786

Eliminated on disposal

(945

)

At 30 April 2014

9,340

NET BOOK VALUE

At 30 April 2014

5,156

At 30 April 2013

7,064

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 5,114 (30.4.13 - £ 5,114 )

4.

CREDITORS

Creditors include an amount of £ 13,042 (30.4.13 - £ 17,801 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

100

Ordinary

£1.00

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the 30th April 2014, the balance of the director's loan account was £23,019 owed by A J Parsons to AJP

Electrical Ltd. (2013 - £20,457). A repayment of £20,000 was made after the year end.

During the year, dividends were paid to the director of £23,000 (2013 - £42,000).