Flitt Electrical Design Limited - Period Ending 2016-06-30

Registration number: 09081528

Flitt Electrical Design Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Murrell Consultancy Limited
39 Manor Road
Sutton Coldfield
West Midlands
B73 6EE

Flitt Electrical Design Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Flitt Electrical Design Limited
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Flitt Electrical Design Limited for the year ended 30 June 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Flitt Electrical Design Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Flitt Electrical Design Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flitt Electrical Design Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Flitt Electrical Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Flitt Electrical Design Limited. You consider that Flitt Electrical Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Flitt Electrical Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Murrell Consultancy Limited
39 Manor Road
Sutton Coldfield
West Midlands
B73 6EE

11 October 2016

Page 1

Flitt Electrical Design Limited
(Registration number: 09081528)
Abbreviated Balance Sheet at 30 June 2016

		Note			30 June 2016 £			30 June 2015 £
Fixed assets
Tangible fixed assets					192			-
Current assets
Debtors					8,793			2,277
Cash at bank and in hand					76,264			66,522
					85,057			68,799
Creditors: Amounts falling due within one year					(13,549)			(15,367)
Net current assets					71,508			53,432
Net assets					71,700			53,432
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					71,600			53,332
Shareholders' funds					71,700			53,432

For the year ending 30 June 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 11 October 2016 and signed on its behalf by:

.........................................
Mr J R Nightall
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Flitt Electrical Design Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	straight line basis over 3 years

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		288			288
At 30 June 2016		288			288
Depreciation
Charge for the year		96			96
At 30 June 2016		96			96
Net book value
At 30 June 2016		192			192

Page 3

Flitt Electrical Design Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 June 2016						30 June 2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4