IJM Electrical Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC358610 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

IJM Electrical Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I J Mathers

P Mathers

SECRETARY:

P Mathers

REGISTERED OFFICE:

20 Hatton Gardens

GLASGOW

G52 3PT

REGISTERED NUMBER:

SC358610 (Scotland)

ACCOUNTANTS:

RAEBURN ALLISON & CO

CHARTERED ACCOUNTANTS

13/15 STRATHMORE HOUSE

TOWN CENTRE

EAST KILBRIDE

GLASGOW

G74 1LF

FIXED ASSETS

Tangible assets

2

6,875

7,933

CURRENT ASSETS

Debtors

2,256

5,103

Cash at bank

5,235

12,854

7,491

17,957

CREDITORS

Amounts falling due within one year

19,797

23,456

NET CURRENT LIABILITIES

(12,306

)

(5,499

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,431

)

2,434

PROVISIONS FOR LIABILITIES

1,375

1,482

NET (LIABILITIES)/ASSETS

(6,806

)

952

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(6,808

)

950

SHAREHOLDERS' FUNDS

(6,806

)

952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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:

I J Mathers - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

36,099

DEPRECIATION

At 1 April 2015

28,166

Charge for year

1,058

At 31 March 2016

29,224

NET BOOK VALUE

At 31 March 2016

6,875

At 31 March 2015

7,933

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

Ordinary

£1

2

2