Harry Burnicle Electrical Contractors - Abbreviated accounts 16.1

REGISTERED NUMBER: 03372941 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

HARRY BURNICLE ELECTRICAL CONTRACTORS

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Burnicle

C Burnicle

M Burnicle

S Wilson

Miss D Lloyd

REGISTERED OFFICE:

216 Hylton Road

Sunderland

Tyne and Wear

SR4 7UZ

REGISTERED NUMBER:

03372941 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

52,090

57,027

52,090

57,027

CURRENT ASSETS

Stocks

10,244

21,065

Debtors

143,184

143,354

Cash at bank and in hand

18,473

80,726

171,901

245,145

CREDITORS

Amounts falling due within one year

4

157,531

173,634

NET CURRENT ASSETS

14,370

71,511

TOTAL ASSETS LESS CURRENT LIABILITIES

66,460

128,538

CREDITORS

Amounts falling due after more than one year

4

(9,272

)

(16,740

)

PROVISIONS FOR LIABILITIES

(10,265

)

(10,968

)

NET ASSETS

46,923

100,830

CAPITAL AND RESERVES

Called up share capital

5

10,205

10,205

Profit and loss account

36,718

90,625

SHAREHOLDERS' FUNDS

46,923

100,830

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 21 July 2016 and were signed on its behalf by:

D Burnicle - 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, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been amortised over it's

useful economic life of 10 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

150,000

AMORTISATION

At 1 April 2015

and 31 March 2016

150,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

121,700

Additions

9,896

Disposals

(6,502

)

At 31 March 2016

125,094

DEPRECIATION

At 1 April 2015

64,673

Charge for year

14,351

Eliminated on disposal

(6,020

)

At 31 March 2016

73,004

NET BOOK VALUE

At 31 March 2016

52,090

At 31 March 2015

57,027

4.

CREDITORS

Creditors include an amount of £ 26,637 (2015 - £ 32,702 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

The 10,205 issued share capital is split as follows:

5,000 Ordinary

5,200 Ordinary B

1 Ordinary C

1 Ordinary D

1 Ordinary E

1 Ordinary F

1 Ordinary G

All shares are ranked equally and carry equal voting rights.