Abbreviated Company Accounts - CETRONIC POWER SOLUTIONS LIMITED

Abbreviated Company Accounts - CETRONIC POWER SOLUTIONS LIMITED

CETRONIC POWER SOLUTIONS LIMITED - Company Information

Print Friendly Version

Registered Number 04458917

CETRONIC POWER SOLUTIONS LIMITED

Abbreviated Accounts

29 December 2015

CETRONIC POWER SOLUTIONS LIMITED Registered Number 04458917

Abbreviated Balance Sheet as at 29 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 11,971 13,813
Tangible assets 3 22,277 17,025
34,248 30,838
Current assets
Stocks 63,295 33,291
Debtors 78,365 52,906
Cash at bank and in hand 6,193 8,486
147,853 94,683
Creditors: amounts falling due within one year (124,348) (86,222)
Net current assets (liabilities) 23,505 8,461
Total assets less current liabilities 57,753 39,299
Creditors: amounts falling due after more than one year (57,645) (36,262)
Total net assets (liabilities) 108 3,037
Capital and reserves
Called up share capital 1 1
Profit and loss account 107 3,036
Shareholders' funds 108 3,037
  • For the year ending 29 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 May 2016

And signed on their behalf by:
A Stephenson, Director

CETRONIC POWER SOLUTIONS LIMITED Registered Number 04458917

Notes to the Abbreviated Accounts for the period ended 29 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the Company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Monitoring Instruments and Company Vehicle - 33.3% per annum

Fixtures and fittings - 10% per annum

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Intangible fixed assets
£
Cost
At 30 December 2014 36,838
Additions -
Disposals -
Revaluations -
Transfers -
At 29 December 2015 36,838
Amortisation
At 30 December 2014 23,025
Charge for the year 1,842
On disposals -
At 29 December 2015 24,867
Net book values
At 29 December 2015 11,971
At 29 December 2014 13,813
3Tangible fixed assets
£
Cost
At 30 December 2014 52,274
Additions 14,503
Disposals (11,799)
Revaluations -
Transfers -
At 29 December 2015 54,978
Depreciation
At 30 December 2014 35,249
Charge for the year 8,595
On disposals (11,143)
At 29 December 2015 32,701
Net book values
At 29 December 2015 22,277
At 29 December 2014 17,025