Abbreviated Company Accounts - THE SOLAR ELECTRIC POWER COMPANY LIMITED

Abbreviated Company Accounts - THE SOLAR ELECTRIC POWER COMPANY LIMITED

THE SOLAR ELECTRIC POWER COMPANY LIMITED - Company Information

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Registered Number 07189499

THE SOLAR ELECTRIC POWER COMPANY LIMITED

Abbreviated Accounts

31 March 2016

THE SOLAR ELECTRIC POWER COMPANY LIMITED Registered Number 07189499

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 1,175 1,098
Investments - -
1,175 1,098
Current assets
Stocks 1,800 2,000
Debtors 266 195
Investments - -
Cash at bank and in hand 17,206 16,531
19,272 18,726
Prepayments and accrued income - -
Creditors: amounts falling due within one year (19,261) (15,925)
Net current assets (liabilities) 11 2,801
Total assets less current liabilities 1,186 3,899
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities (236) (220)
Accruals and deferred income 0 0
Total net assets (liabilities) 950 3,679
Capital and reserves
Called up share capital 20 20
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 930 3,659
Shareholders' funds 950 3,679
  • For the year ending 31 March 2016 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 December 2016

And signed on their behalf by:
G Sime, Director

THE SOLAR ELECTRIC POWER COMPANY LIMITED Registered Number 07189499

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant & machinery - 25% reducing balance
Fixtures, fitting and equipment - 25% reducing balance
Computer equipment - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 3,361
Additions 470
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2016 3,831
Depreciation
At 1 April 2015 2,263
Charge for the year 393
On disposals 0
At 31 March 2016 2,656
Net book values
At 31 March 2016 1,175
At 31 March 2015 1,098