Abbreviated Company Accounts - BILL SAVAGE ELECTRICAL LIMITED

Abbreviated Company Accounts - BILL SAVAGE ELECTRICAL LIMITED

BILL SAVAGE ELECTRICAL LIMITED - Company Information

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Registered Number 04335869

BILL SAVAGE ELECTRICAL LIMITED

Abbreviated Accounts

31 January 2016

BILL SAVAGE ELECTRICAL LIMITED Registered Number 04335869

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - 14,000
Tangible assets 3 3,552 7,135
Investments 4 - 43,203
3,552 64,338
Current assets
Stocks 39,120 82,260
Debtors 2,387 9,139
Cash at bank and in hand 1,834 5,118
43,341 96,517
Creditors: amounts falling due within one year (129,018) (182,409)
Net current assets (liabilities) (85,677) (85,892)
Total assets less current liabilities (82,125) (21,554)
Total net assets (liabilities) (82,125) (21,554)
Capital and reserves
Called up share capital 100 100
Profit and loss account (82,225) (21,654)
Shareholders' funds (82,125) (21,554)
  • For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 June 2016

And signed on their behalf by:
Mr B Savage, Director

BILL SAVAGE ELECTRICAL LIMITED Registered Number 04335869

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 February 2015 40,000
Additions -
Disposals -
Revaluations (40,000)
Transfers -
At 31 January 2016 0
Amortisation
At 1 February 2015 26,000
Charge for the year -
On disposals (26,000)
At 31 January 2016 0
Net book values
At 31 January 2016 0
At 31 January 2015 14,000
3Tangible fixed assets
£
Cost
At 1 February 2015 78,009
Additions 90
Disposals (13,520)
Revaluations -
Transfers -
At 31 January 2016 64,579
Depreciation
At 1 February 2015 70,874
Charge for the year 1,091
On disposals (10,938)
At 31 January 2016 61,027
Net book values
At 31 January 2016 3,552
At 31 January 2015 7,135

4Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminuation in value.