Knight Electrical Limited - Period Ending 2016-04-30
Knight Electrical Limited - Period Ending 2016-04-30
Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Knight Electrical Limited
Contents
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Knight Electrical Limited
(Registration number: 03747577)
Abbreviated Balance Sheet at 30 April 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Capital redemption reserve |
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Profit and loss account |
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Shareholders' funds |
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Knight Electrical Limited
(Registration number: 03747577)
Abbreviated Balance Sheet at 30 April 2016
Approved by the Board on
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Knight Electrical Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2016
Accounting policies |
Basis of preparation
Turnover
Amounts recoverable on contract
Contracts are stated at net cost less foreseeable losses. Where the outcome of the contract can be foreseen and the net cost plus profit earned to date exceeds the invoiced amount, the value is included in debtors as amounts recoverable on contracts. Invoiced amounts which exceed net cost or valuation are included in creditors as payments on account.
Depreciation
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 |
Plant & machinery |
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Motor vehicles |
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Fixtures and fittings |
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Stock
Deferred tax
Hire purchase and leasing
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Knight Electrical Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2016
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 May 2015 |
7,000 |
242,999 |
249,999 |
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Additions |
- |
43,750 |
43,750 |
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At 30 April 2016 |
7,000 |
286,749 |
293,749 |
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Depreciation |
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At 1 May 2015 |
7,000 |
128,890 |
135,890 |
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Charge for the year |
- |
34,867 |
34,867 |
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At 30 April 2016 |
7,000 |
163,757 |
170,757 |
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Net book value |
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At 30 April 2016 |
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At 30 April 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Knight Electrical Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2016
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