Limbada Electrical Limited - Abbreviated accounts

Registered number

08852398

Limbada Electrical Limited

Abbreviated Accounts

31 January 2016

Limbada Electrical Limited
Registered number:		08852398
Abbreviated Balance Sheet
as at 31 January 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		586			781

Current assets
Debtors		1,031			2,403
Cash at bank and in hand		9,187			7,922
		10,218			10,325

Creditors: amounts falling due within one year		(8,800)			(10,261)

Net current assets			1,418			64

Net assets			2,004			845

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			1,904			745

Shareholder's funds			2,004			845

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.



I Limbada
Director
Approved by the board on 20 July 2016

Limbada Electrical Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 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 January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of 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.

	Plant and machinery			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	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.


2	Tangible fixed assets					£

	Cost
	At 1 February 2015					1,042
	At 31 January 2016					1,042

	Depreciation
	At 1 February 2015					261
	Charge for the year					195
	At 31 January 2016					456

	Net book value
	At 31 January 2016					586
	At 31 January 2015					781


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100