Service Electricals Limited - Abbreviated accounts 16.3

Service Electricals Limited - Abbreviated accounts 16.3

UDT GROUP LTD - Company Information

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REGISTERED NUMBER: 09418987 (England and Wales)















Service Electricals Limited

Abbreviated Unaudited Accounts

for the Period 3 February 2015 to 29 February 2016






Service Electricals Limited (Registered number: 09418987)






Contents of the Abbreviated Accounts
for the Period 3 February 2015 to 29 February 2016




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

Service Electricals Limited

Company Information
for the Period 3 February 2015 to 29 February 2016







Director: Mr K A Newton





Registered office: Unit 11
Henleys Business Park
Manor Road
Abbotskerswell
Newton Abbot
TQ12 5NF





Registered number: 09418987 (England and Wales)





Accountants: RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Preston
Lancashire
PR3 6SJ
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Service Electricals Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Service Electricals Limited for the period ended 29 February 2016 which comprise the Profit and
Loss Account, the Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Service Electricals Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Service Electricals Limited and state those matters that we have agreed to state to the director of Service Electricals Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Service Electricals Limited director for our work or for this report.

It is your duty to ensure that Service Electricals Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Service Electricals Limited. You consider that Service Electricals Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Service Electricals 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 financial statements.






RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Preston
Lancashire
PR3 6SJ


1 November 2016

This page does not form part of the abbreviated accounts

Page 2
Service Electricals Limited (Registered number: 09418987)

Abbreviated Balance Sheet
29 February 2016

Notes £    £   
Fixed assets
Tangible assets 2 3,839

Current assets
Stocks 3,888
Cash at bank 740
4,628
Creditors
Amounts falling due within one year 3,582
Net current assets 1,046
Total assets less current liabilities 4,885

Capital and reserves
Called up share capital 3 105
Share premium 4,995
Profit and loss account (215 )
Shareholders' funds 4,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 1 November 2016 and were signed by:





Mr K A Newton - Director


The notes form part of these abbreviated accounts

Page 3
Service Electricals Limited (Registered number: 09418987)

Notes to the Abbreviated Accounts
for the Period 3 February 2015 to 29 February 2016

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.

Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
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 expenditure and an appropriate proportion of fixed and variable overheads.

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.

2. Tangible fixed assets
Total
£   
Cost
Additions 4,578
At 29 February 2016 4,578
Depreciation
Charge for period 739
At 29 February 2016 739
Net book value
At 29 February 2016 3,839

3. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
34 Ordinary A £1 34
71 Ordinary B £1 71
105

Page 4 continued...
Service Electricals Limited (Registered number: 09418987)

Notes to the Abbreviated Accounts - continued
for the Period 3 February 2015 to 29 February 2016

3. Called up share capital - continued

The following shares were issued on incorporation for cash at par:
34 Ordinary A shares at £1
66 Ordinary B shares at £1

5 Ordinary B shares of £1 each were issued during the year for £5,000.

Page 5