P.K.B. Electrical & Data Installation Ltd - Period Ending 2016-04-30

Registration number: 03345658

P.K.B. Electrical & Data Installation Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

P.K.B. Electrical & Data Installation Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

P.K.B. Electrical & Data Installation Ltd
(Registration number: 03345658)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			1,839			1,947
Current assets
Debtors					39,749			35,706
Cash at bank and in hand					1,031			50
					40,780			35,756
Creditors: Amounts falling due within one year					(10,172)			(8,760)
Net current assets					30,608			26,996
Total assets less current liabilities					32,447			28,943
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					32,445			28,941
Shareholders' funds					32,447			28,943

For the year ending 30 April 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 director acknowledges his 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 director on 30 November 2016

.........................................
P D Buxey
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

P.K.B. Electrical & Data Installation Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of electrical installation services to customers.

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
Office equipment	25% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		7,043			7,043
Additions		379			379
At 30 April 2016		7,422			7,422
Depreciation
At 1 May 2015		5,096			5,096
Charge for the year		487			487
At 30 April 2016		5,583			5,583
Net book value
At 30 April 2016		1,839			1,839
At 30 April 2015		1,947			1,947

Page 2

P.K.B. Electrical & Data Installation Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
P D Buxey
Directors loan account	1,098	2,853	41,326	45,361

Page 3