Encore Electrical Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05726597 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Encore Electrical Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S R Hegarty

Mrs F Hegarty

SECRETARY:

Mrs F Hegarty

REGISTERED OFFICE:

3 Landmark House

Wirral Park Road

Glastonbury

Somerset

BA6 9FR

REGISTERED NUMBER:

05726597 (England and Wales)

ACCOUNTANTS:

Monahans

Chartered Accountants

3 Landmark House

Wirral Park Road

Glastonbury

Somerset

BA6 9FR

BANKERS:

Lloyds TSB

64 High Street

Street

Somerset

BA16 OED

FIXED ASSETS

Intangible assets

2

-

6,500

Tangible assets

3

18,266

26,992

18,266

33,492

CURRENT ASSETS

Stocks

21,713

12,539

Debtors

88,845

61,671

Cash at bank

69,336

74,949

179,894

149,159

CREDITORS

Amounts falling due within one year

80,487

57,673

NET CURRENT ASSETS

99,407

91,486

TOTAL ASSETS LESS CURRENT
LIABILITIES

117,673

124,978

CREDITORS

Amounts falling due after more than one
year

(11,786

)

(14,081

)

PROVISIONS FOR LIABILITIES

(3,700

)

(5,400

)

NET ASSETS

102,187

105,497

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

102,087

105,397

SHAREHOLDERS' FUNDS

102,187

105,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 18 July 2016 and were signed on its behalf by:

S R Hegarty - Director

Mrs F Hegarty - 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).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Tools and equipment

-

20% on straight line basis

Office equipment

-

20% on straight line basis

Motor vehicles

-

25% on straight line basis

Stocks

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

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

65,000

AMORTISATION

At 1 April 2015

58,500

Amortisation for year

6,500

At 31 March 2016

65,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

6,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

68,993

Additions

1,654

At 31 March 2016

70,647

DEPRECIATION

At 1 April 2015

42,001

Charge for year

10,380

At 31 March 2016

52,381

NET BOOK VALUE

At 31 March 2016

18,266

At 31 March 2015

26,992

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100