Abbreviated Company Accounts - ELECTRIC CENTRAL LIMITED

ELECTRIC CENTRAL LIMITED - Company Information

Registered Number 07922848

ELECTRIC CENTRAL LIMITED

Abbreviated Accounts

31 December 2015

ELECTRIC CENTRAL LIMITED Registered Number 07922848

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	41,678	56,389
Tangible assets	3	109,487	53,648
		151,165	110,037
Current assets
Stocks		17,902	18,264
Debtors		44,994	33,300
Cash at bank and in hand		34,617	15,359
		97,513	66,923
Creditors: amounts falling due within one year		(255,214)	(203,876)
Net current assets (liabilities)		(157,701)	(136,953)
Total assets less current liabilities		(6,536)	(26,916)
Creditors: amounts falling due after more than one year		(24,643)	(31,072)
Total net assets (liabilities)		(31,179)	(57,988)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(31,181)	(57,990)
Shareholders' funds		(31,179)	(57,988)

For the year ending 31 December 2015 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 30 September 2016

And signed on their behalf by:
Mr David Justin Crawford, Director

ELECTRIC CENTRAL LIMITED Registered Number 07922848

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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

plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance

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

2Intangible fixed assets

	£
Cost
At 1 January 2015	73,550
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	73,550
Amortisation
At 1 January 2015	17,161
Charge for the year	14,711
On disposals	-
At 31 December 2015	31,872
Net book values
At 31 December 2015	41,678
At 31 December 2014	56,389

3Tangible fixed assets

	£
Cost
At 1 January 2015	67,275
Additions	70,547
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	137,822
Depreciation
At 1 January 2015	13,627
Charge for the year	14,708
On disposals	-
At 31 December 2015	28,335
Net book values
At 31 December 2015	109,487
At 31 December 2014	53,648