CASS_ELECTRIC_COMPANY_LIM - Accounts

CASS ELECTRIC COMPANY LIMITED - Company Information

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Company Registration No. 02000305 (England and Wales)

CASS ELECTRIC COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

CASS ELECTRIC COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CASS ELECTRIC COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

137,142

159,047

Current assets

Stocks

38,407

23,363

Debtors

1,063,717

737,536

Cash at bank and in hand

516,887

407,999

1,619,011

1,168,898

Creditors: amounts falling due within one year

(915,030)

(613,517)

Net current assets

703,981

555,381

Total assets less current liabilities

841,123

714,428

Creditors: amounts falling due after more than one year

(2,604)

(8,854)

838,519

705,574

Capital and reserves

Called up share capital

Revaluation reserve

73,838

Other reserves

Profit and loss account

764,578

631,633

Shareholders' funds

838,519

705,574

CASS ELECTRIC COMPANY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

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

Directors' responsibilities:

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

The directors acknowledge their 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 for issue on 19 August 2016

Mr I Tasker

Mr P Toone

Director

Company Registration No. 02000305

CASS ELECTRIC COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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 during the year represents amounts receivable for completed work, net of VAT and trade discounts, and less a provision for anticipated remedial work.

1.4

Tangible fixed assets and depreciation

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

Land and buildings Leasehold

Straight line over 25 years

Plant and machinery

15% Reducing balance

Fixtures, fittings & equipment

15%- 25% Reducing balance

Motor vehicles

20% Reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over 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 in equal instalments over the term of the agreement.

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

1.6

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.7

Pensions

The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRS 17.

CASS ELECTRIC COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2015

261,344

Additions

730

Disposals

(614)

At 31 March 2016

261,460

Depreciation

At 1 April 2015

102,297

On disposals

(308)

Charge for the period

22,329

At 31 March 2016

124,318

Net book value

At 31 March 2016

137,142

At 31 March 2015

159,047

Share capital

2016

2015

Allotted, called up and fully paid

55 A Ordinary shares of £1 each

1 B Ordinary shares of £1 each

1 C Ordinary shares of £1 each

1 D Ordinary shares of £1 each