Criton Electrical Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05974229 (England and Wales)

CRITON ELECTRICAL SERVICES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mr. P A Hartshorne

Mr. A P Noble

SECRETARY:

Miss T Broughton

REGISTERED OFFICE:

Featherfield Poultry Farm

Plaistow Green

Crich

Derbyshire

DE4 5GX

REGISTERED NUMBER:

05974229 (England and Wales)

ACCOUNTANTS:

The Rees Partnership

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

FIXED ASSETS

Intangible assets

2

7,500

13,500

Tangible assets

3

14,741

481

22,241

13,981

CURRENT ASSETS

Stocks

3,700

5,000

Debtors

57,842

106,979

Cash at bank and in hand

132,049

27,522

193,591

139,501

CREDITORS

Amounts falling due within one year

(103,967

)

(106,220

)

NET CURRENT ASSETS

89,624

33,281

TOTAL ASSETS LESS CURRENT
LIABILITIES

111,865

47,262

PROVISIONS FOR LIABILITIES

(2,639

)

-

NET ASSETS

109,226

47,262

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

109,224

47,260

SHAREHOLDERS' FUNDS

109,226

47,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 August 2016 and were signed on its
behalf by:

Mr. P A Hartshorne - Director

Mr. A P Noble - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have reviewed the company's current activities, future prospects and finance facilities.

The company has orders for work covering a period of several months ahead and continues to receive

enquiries to quote for further work. Many enquiries are from existing/returning customers and the

directors are confident that further orders will be obtained as the company has a good reputation for

reliability and the quality of its work. The company does not have any borrowings and has sufficient

cash reserves to allow it to continue to trade for the foreseeable future. As a result of this review the

directors have continued to adopt the going concern basis of accounting.

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 April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

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 in 2007, 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.

Plant and machinery etc

-

20% on cost

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

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.

Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the

company has entered into a binding agreement to sell the assets and recognised the gains and losses

expected to arise on sale. Deferred tax is also not recognised where assets have been sold and it is

expected that the taxable gain will be rolled over into a replacement asset.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all

the risks and rewards of ownership of the asset have passed to the company, are capitalised in the

balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase

obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period

of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

60,000

AMORTISATION

At 1 December 2014

46,500

Amortisation for year

6,000

At 30 November 2015

52,500

NET BOOK VALUE

At 30 November 2015

7,500

At 30 November 2014

13,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

16,477

Additions

15,194

Disposals

(8,817

)

At 30 November 2015

22,854

DEPRECIATION

At 1 December 2014

15,996

Charge for year

832

Eliminated on disposal

(8,715

)

At 30 November 2015

8,113

NET BOOK VALUE

At 30 November 2015

14,741

At 30 November 2014

481

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2