Chambers Electrical (Wolverhampton) Ltd - Abbreviated accounts 16.3
Chambers Electrical (Wolverhampton) Ltd - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Accounts for the Year Ended 30 April 2016 |
for |
Chambers Electrical (Wolverhampton) |
Limited |
Chambers Electrical (Wolverhampton) |
Limited (Registered number: 01047567) |
Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chambers Electrical (Wolverhampton) |
Limited |
Company Information |
for the Year Ended 30 April 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chambers Electrical (Wolverhampton) |
Limited (Registered number: 01047567) |
Abbreviated Balance Sheet |
30 April 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
Chambers Electrical (Wolverhampton) |
Limited (Registered number: 01047567) |
Abbreviated Balance Sheet - continued |
30 April 2016 |
The directors acknowledge their 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 financial statements were approved by the Board of Directors on its behalf by: |
Chambers Electrical (Wolverhampton) |
Limited (Registered number: 01047567) |
Notes to the Abbreviated Accounts |
for the Year Ended 30 April 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, except in respect of |
service contracts where turnover is recognised when the company obtains the right to consideration. |
In respect of long-term contracts and contracts for on-going services, turnover represents the value of |
work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term |
contracts and contracts for on-going services is recognised by reference to the stage of completion. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
No depreciation is provided on freehold buildings, as the buildings are maintained to such a standard |
that their estimated residual value is not less than their cost. The policy is not in accordance with |
Financial Reporting Standard 15 Tangible Fixed Assets. However, in the opinion of the directors the |
effect is not material. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as either 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. |
Chambers Electrical (Wolverhampton) |
Limited (Registered number: 01047567) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 |
DEPRECIATION |
At 1 May 2015 |
Charge for year |
At 30 April 2016 |
NET BOOK VALUE |
At 30 April 2016 |
At 30 April 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary Shares | £1 |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 April 2016 and |
30 April 2015: |
2016 | 2015 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Balance outstanding at end of year |
5. | CONTROLLING PARTY |
The controlling party is Mr L W Chambers, director and majority shareholder. There is no other |
ultimate controlling party. |