Kempowell Electrical Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04712074 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Kempowell Electrical Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

P N Kemp

M T Powell

Registered office:

Unit 3A

Foley Works

Foley Trading Estate

Hereford

HR1 2SF

Registered number:

04712074 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

2

195,767

197,594

CURRENT ASSETS

Stocks

4,365

4,960

Debtors

349,191

56,670

Cash at bank

50,713

158,975

404,269

220,605

CREDITORS

Amounts falling due within one year

3

(291,652

)

(158,150

)

NET CURRENT ASSETS

112,617

62,455

TOTAL ASSETS LESS CURRENT
LIABILITIES

308,384

260,049

CREDITORS

Amounts falling due after more than one
year

3

(44,660

)

(49,217

)

NET ASSETS

263,724

210,832

CAPITAL AND RESERVES

Called up share capital

4

2

Revaluation reserve

45,000

Profit and loss account

218,722

165,830

SHAREHOLDERS' FUNDS

263,724

210,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

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

P N Kemp - Director

M T Powell - 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.

Plant and machinery etc

-

20% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments

Ordinary shares are classified as equity. Dividends payable on ordinary shares are recognised in equity in the

period in which they are declared. The transaction costs of an equity transaction, other than in the context of a

business combination are accounted for as a deduction from equity, net of tax.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2015

249,900

Additions

10,875

Disposals

(1,295

)

At 31 March 2016

259,480

Depreciation

At 1 April 2015

52,306

Charge for year

12,120

Eliminated on disposal

(713

)

At 31 March 2016

63,713

Net book value

At 31 March 2016

195,767

At 31 March 2015

197,594

3.

CREDITORS

Creditors include an amount of £ 42,922 (2015 - £ 45,039 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

2