Lux Electrical Contractors Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08095143 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 22 June 2015 to 31 March 2016

for

Lux Electrical Contractors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M N Cumber

T D Shepherd

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

08095143 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

16,892

6,107

CURRENT ASSETS

Stocks

10,000

-

Debtors

92,634

78,560

Cash at bank

7,902

1,127

110,536

79,687

CREDITORS

Amounts falling due within one year

123,626

84,075

NET CURRENT LIABILITIES

(13,090

)

(4,388

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,802

1,719

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,702

1,619

SHAREHOLDERS' FUNDS

3,802

1,719

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

The members have not required the company to obtain an audit of its financial statements for the period 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 21 December 2016 and were signed on its behalf
by:

M N Cumber - 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 January 2015).

Turnover

Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional

rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company

has delivered product to the customer, the customer has accepted the products and collectability of the related

receivable is reasonably assured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% 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 arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to to pay more (or a right to pay less) tax at a future, at the tax

rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 22 June 2015

8,639

Additions

15,824

Disposals

(5,389

)

At 31 March 2016

19,074

DEPRECIATION

At 22 June 2015

2,532

Charge for period

2,008

Eliminated on disposal

(2,358

)

At 31 March 2016

2,182

NET BOOK VALUE

At 31 March 2016

16,892

At 21 June 2015

6,107

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

21.6.15

value:

£

100

Ordinary

£1

100