Alex Nangle (Electrical) Limited - Abbreviated accounts 16.3

Alex Nangle (Electrical) Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: SC111872 (Scotland)















Abbreviated Accounts for the Year Ended 30 September 2016

for

ALEX NANGLE (ELECTRICAL) LIMITED

ALEX NANGLE (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC111872)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

ALEX NANGLE (ELECTRICAL) LIMITED

Company Information
for the Year Ended 30 September 2016







DIRECTORS: A Nangle
Mrs J S Nangle
Mrs E Barr





REGISTERED OFFICE: Unit 1 Telford Square
Houston Industrial Estate
Livingston
EH54 5PQ





REGISTERED NUMBER: SC111872 (Scotland)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL

ALEX NANGLE (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC111872)

Abbreviated Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 395,927 410,742

CURRENT ASSETS
Stocks 429,830 442,147
Debtors 315,633 335,807
Cash at bank and in hand 106,988 83,913
852,451 861,867
CREDITORS
Amounts falling due within one year 688,900 533,325
NET CURRENT ASSETS 163,551 328,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,478

739,284

CREDITORS
Amounts falling due after more than one
year

-

(112,036

)

PROVISIONS FOR LIABILITIES (13,801 ) (15,192 )
NET ASSETS 545,677 612,056

CAPITAL AND RESERVES
Called up share capital 3 26,000 26,000
Capital redemption reserve (622 ) (622 )
Profit and loss account 520,299 586,678
SHAREHOLDERS' FUNDS 545,677 612,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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.

ALEX NANGLE (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC111872)

Abbreviated Balance Sheet - continued
30 September 2016


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 Board of Directors on 12 December 2016 and were signed on its behalf
by:





Mrs E Barr - Director


ALEX NANGLE (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC111872)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 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.

Freehold property - 2% on reducing balance
Furniture & equipment - 20% on reducing balance

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 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
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
At 1 October 2015 610,675
Additions 1,720
At 30 September 2016 612,395
DEPRECIATION
At 1 October 2015 199,933
Charge for year 16,535
At 30 September 2016 216,468
NET BOOK VALUE
At 30 September 2016 395,927
At 30 September 2015 410,742

ALEX NANGLE (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC111872)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
26,000 Ordinary £1 26,000 26,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Alex Nangle (Electrical) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two 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 Alex Nangle (Electrical) Limited for the year ended 30 September 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Alex Nangle (Electrical) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alex Nangle (Electrical) Limited and state those matters that we have agreed to state to the Board of Directors of Alex Nangle (Electrical) Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alex Nangle (Electrical) 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 Alex Nangle (Electrical) Limited. You consider that Alex Nangle (Electrical) 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 financial statements of Alex Nangle (Electrical) 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.






G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL


12 December 2016