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iso4217:GBP
| Electrical Safety Group Ltd |
For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03801775
2
Electrical Safety Group Ltd
For the year ended 31 December 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Electrical Safety Group Ltd
2015
2014
2
20,654
24,419
20,654
24,419
102,192
98,840
90,377
96,258
4
4
2,426
369
197,528
192,942
| Creditors: amounts falling due within one year |
(117,118)
(117,391)
75,824
80,137
Net current assets
| Total assets less current liabilities |
100,791
100,243
100,791
Net assets
100,243
100,000
3
100,000
791
243
100,791
100,243
Shareholders funds
| For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges her 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. |
| Date approved by the board: 29 September 2016 |
| Mrs Sylvia Holyoake Director |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
Electrical Safety Group Ltd
For the year ended 31 December 2015
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Improvement to property
Plant and Machinery
Motor Vehicles
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| Current asset investments |
Current asset investments are stated at the lower of cost and net realisable value.
2 of 3
5
| Notes to the Abbreviated Financial Statements |
Electrical Safety Group Ltd
For the year ended 31 December 2015
184,819
1,445
186,264
160,400
5,210
Charge for year
165,610
20,654
24,419
| Allotted called up and fully paid |
2015
2014
| 100,000 Ordinary shares of £1.00 each |
100,000
100,000
100,000
100,000
3 of 3
