Abbreviated Company Accounts - ELECTRIK SHEEP LIMITED

PETER MANNING LIMITED - Company Information

07442345 ELECTRIK SHEEP LIMITED 2015-10-31 false 2014-12-01 2015-10-31 true 07442345 2014-12-01 2015-10-31 07442345 2015-10-31 07442345 2014-11-30 07442345 uk-gaap-cd-bus:Director1 2014-12-01 2015-10-31 07442345 uk-gaap-cd-bus:Director2 2014-12-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 07442345

ELECTRIK SHEEP LIMITED

Abbreviated Accounts

31 October 2015

ELECTRIK SHEEP LIMITED Registered Number 07442345

Abbreviated Balance Sheet as at 31 October 2015

	Notes	31/10/2015	30/11/2014
		£	£
Fixed assets
Tangible assets	2	982	-
		982	-
Current assets
Stocks		632	-
Debtors		16,370	17,870
Cash at bank and in hand		10,368	21
		27,370	17,891
Creditors: amounts falling due within one year		(9,380)	(9,360)
Net current assets (liabilities)		17,990	8,531
Total assets less current liabilities		18,972	8,531
Total net assets (liabilities)		18,972	8,531
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		18,872	8,431
Shareholders' funds		18,972	8,531

For the year ending 31 October 2015 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 29 November 2016

And signed on their behalf by:
Ms Louise Mavin, Director

ELECTRIK SHEEP LIMITED Registered Number 07442345

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 April 2008).

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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 - 25%

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 December 2014	0
Additions	1,309
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	1,309
Depreciation
At 1 December 2014	0
Charge for the year	327
On disposals	-
At 31 October 2015	327
Net book values
At 31 October 2015	982
At 30 November 2014	0

3Called Up Share Capital
Allotted, called up and fully paid:

	31/10/2015 £	30/11/2014 £
100 Ordinary shares of £1 each	100	100