EJS_ELECTRICAL_CONTRACTOR - Accounts

EJS ELECTRICAL CONTRACTORS LTD - Company Information

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Company Registration No. 09712542 (England and Wales)

EJS ELECTRICAL CONTRACTORS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

EJS ELECTRICAL CONTRACTORS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EJS ELECTRICAL CONTRACTORS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

11,097

Current assets

Stocks

8,865

Debtors

14,595

Cash at bank and in hand

15,283

38,743

Creditors: amounts falling due within one year

(42,822)

Net current liabilities

(4,079)

Total assets less current liabilities

7,018

Creditors: amounts falling due after more than one year

(5,372)

1,646

Capital and reserves

Called up share capital

Profit and loss account

1,645

Shareholder's funds

1,646

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 25 August 2016

Mr EJ Szczoczarz

Director

Company Registration No. 09712542

EJS ELECTRICAL CONTRACTORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% on cost

Motor vehicles

25% on cost

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

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

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

EJS ELECTRICAL CONTRACTORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2015

Additions

14,551

At 31 July 2016

14,551

Depreciation

At 1 August 2015

Charge for the year

3,454

At 31 July 2016

3,454

Net book value

At 31 July 2016

11,097

Share capital

2016

Allotted, called up and fully paid

1 Ordinary of £1 each