SPS Lighting Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03854894 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31ST OCTOBER 2015

FOR

SPS LIGHTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T J Smith

SECRETARY:

Mrs L Smith

REGISTERED OFFICE:

The Spinney

Chartridge Grange

Chesham

Buckinghamshire

HP5 2TG

REGISTERED NUMBER:

03854894 (England and Wales)

ACCOUNTANTS:

Peter Lawson & Co.

225 London Road

Burgess Hill

West Sussex

RH15 9QU

FIXED ASSETS

Tangible assets

2

503

670

CURRENT ASSETS

Debtors

5,445

5,363

Cash at bank

10,918

31,217

16,363

36,580

CREDITORS

Amounts falling due within one year

12,941

32,673

NET CURRENT ASSETS

3,422

3,907

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,925

4,577

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

3,924

4,576

SHAREHOLDERS' FUNDS

3,925

4,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 9th July 2016 and were signed by:

T J Smith - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared in accordance with applicable accounting standards and under the

historical cost convention and include the results of the business' operations, all of which are continuing.

The principle accounting policies, which the director has adopted, are set out below.

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).

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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 1st November 2014

and 31st October 2015

26,729

DEPRECIATION

At 1st November 2014

26,059

Charge for year

167

At 31st October 2015

26,226

NET BOOK VALUE

At 31st October 2015

503

At 31st October 2014

670

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

1

Ordinary

£1.00

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2015 and

31st October 2014:

31.10.15

31.10.14

£

T J Smith

Balance outstanding at start of year

-

Amounts repaid

(12,541

)

-

Balance outstanding at end of year

(12,541

)

-