Electrical Testers Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02619217 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

ELECTRICAL TESTERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J G Kendall

SECRETARY:

J G Kendall

REGISTERED OFFICE:

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

REGISTERED NUMBER:

02619217 (England and Wales)

ACCOUNTANTS:

DNG Dove Naish

Chartered Accountants

Eagle House

28 Billing Road

Northampton

NN1 5AJ

FIXED ASSETS

Tangible assets

2

82,903

50,178

CURRENT ASSETS

Stocks

30,026

29,958

Debtors

190,187

130,727

Cash at bank and in hand

76,017

97,972

296,230

258,657

CREDITORS

Amounts falling due within one year

3

81,568

87,663

NET CURRENT ASSETS

214,662

170,994

TOTAL ASSETS LESS CURRENT
LIABILITIES

297,565

221,172

CREDITORS

Amounts falling due after more than one
year

3

(34,649

)

(19,942

)

PROVISIONS FOR LIABILITIES

(16,168

)

(9,560

)

NET ASSETS

246,748

191,670

CAPITAL AND RESERVES

Called up share capital

4

46,500

Capital redemption reserve

15,500

Profit and loss account

184,748

129,670

SHAREHOLDERS' FUNDS

246,748

191,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 October 2016 and were signed by:

J G Kendall - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment & tools

-

33% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the

treatment of certain items for taxation and accounting purposes. The deferred tax balance has not

been discounted.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 OR VALUATION

At 1 September 2015

110,130

Additions

55,767

Disposals

(12,386

)

At 31 August 2016

153,511

DEPRECIATION

At 1 September 2015

59,952

Charge for year

23,042

Eliminated on disposal

(12,386

)

At 31 August 2016

70,608

NET BOOK VALUE

At 31 August 2016

82,903

At 31 August 2015

50,178

3.

CREDITORS

Creditors include an amount of £ 52,998 (2015 - £ 35,546 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

46,500

Ordinary

£1

46,500

5.	ULTIMATE PARENT COMPANY

Electrical Testers (Holdings) Limited is regarded by the director as being the company's ultimate

parent company.