Wokingham Electrical and Lighting Suppli - Abbreviated accounts 16.1

REGISTERED NUMBER: 05086207 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

Wokingham Electrical and Lighting

Supplies Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M C Bodey

J Bodey

S A Price

Mrs L S Price

SECRETARY:

Mrs L S Price

REGISTERED OFFICE:

Unit 8 Station Industrial Estate

Oxford Road

Wokingham

Berkshire

RG41 2YQ

REGISTERED NUMBER:

05086207 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Tangible assets

2

10,278

10,159

CURRENT ASSETS

Stocks

77,253

74,360

Debtors

240,596

188,984

Cash at bank and in hand

59,041

95,055

376,890

358,399

CREDITORS

Amounts falling due within one year

(231,682

)

(232,437

)

NET CURRENT ASSETS

145,208

125,962

TOTAL ASSETS LESS CURRENT LIABILITIES

155,486

136,121

CREDITORS

Amounts falling due after more than one
year

-

(2,252

)

PROVISIONS FOR LIABILITIES

(354

)

-

NET ASSETS

155,132

133,869

CAPITAL AND RESERVES

Called up share capital

3

280

Profit and loss account

154,852

133,589

SHAREHOLDERS' FUNDS

155,132

133,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 June 2016 and were signed on its
behalf by:

J Bodey - 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.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

31,214

Additions

6,000

At 31 December 2015

37,214

DEPRECIATION

At 1 January 2015

21,055

Charge for year

5,881

At 31 December 2015

26,936

NET BOOK VALUE

At 31 December 2015

10,278

At 31 December 2014

10,159

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

200

Ordinary

£1

200

80

A Ordinary

£1

80

280