Portland Electrical (UK) Limited - Abbreviated accounts 16.1

Portland Electrical (UK) Limited - Abbreviated accounts 16.1

PORTLAND ELECTRICAL (UK) LIMITED - Company Information

Print Friendly Version

08467383 1.5.15 30.4.16 30.4.16 Company accounts Private Limited Company FY true false true false true false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084673832015-04-30084673832016-04-30084673832015-05-012016-04-30084673832014-04-30084673832014-05-012015-04-30084673832015-04-3008467383ns14:PoundSterling2015-05-012016-04-3008467383ns7:Director12015-05-012016-04-3008467383ns7:OrdinaryShareClass12015-05-012016-04-3008467383ns7:RegisteredOffice2015-05-012016-04-3008467383ns7:EntityAccountantsOrAuditors2015-05-012016-04-3008467383ns5:PlantMachinery2015-05-012016-04-3008467383ns7:OrdinaryShareClass12016-04-3008467383ns7:OrdinaryShareClass12015-04-30
REGISTERED NUMBER: 08467383










Abbreviated Accounts for the Year Ended 30 April 2016

for

Portland Electrical (UK) Limited

Portland Electrical (UK) Limited (Registered number: 08467383)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Portland Electrical (UK) Limited

Company Information
for the Year Ended 30 April 2016







DIRECTOR: Miss L E Cooper





REGISTERED OFFICE: 33a High Street
Belper
Derbyshire
DE56 1GF





REGISTERED NUMBER: 08467383





ACCOUNTANTS: NRB Accountancy Limited
33A High Street
Belper
Derbyshire
DE56 1GF
Page 1
Portland Electrical (UK) Limited (Registered number: 08467383)

Abbreviated Balance Sheet
30 April 2016

30.4.16 30.4.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 4,200 6,300
Tangible assets 3 9,012 5,364
13,212 11,664

CURRENT ASSETS
Stocks 3,530 3,980
Debtors 20,641 27,271
Cash at bank 6,900 4,787
31,071 36,038
CREDITORS
Amounts falling due within one year 34,045 43,300
NET CURRENT LIABILITIES (2,974 ) (7,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,238
4,402

PROVISIONS FOR LIABILITIES 1,499 703
NET ASSETS 8,739 3,699

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 8,738 3,698
SHAREHOLDERS' FUNDS 8,739 3,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these abbreviated accounts

Page 2 continued...
Portland Electrical (UK) Limited (Registered number: 08467383)

Abbreviated Balance Sheet - continued
30 April 2016


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 director on 15 December 2016 and were signed by:





Miss L E Cooper - Director


The notes form part of these abbreviated accounts

Page 3
Portland Electrical (UK) Limited (Registered number: 08467383)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016

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 net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the
lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015
and 30 April 2016 10,500
AMORTISATION
At 1 May 2015 4,200
Amortisation for year 2,100
At 30 April 2016 6,300
NET BOOK VALUE

At 30 April 2016 4,200
At 30 April 2015 6,300

Page 4 continued...
Portland Electrical (UK) Limited (Registered number: 08467383)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015 9,030
Additions 9,633
Disposals (5,300 )
At 30 April 2016 13,363
DEPRECIATION
At 1 May 2015 3,666
Charge for year 3,004
Eliminated on disposal (2,319 )
At 30 April 2016 4,351
NET BOOK VALUE
At 30 April 2016 9,012
At 30 April 2015 5,364

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.4.16 30.4.15
value: £    £   
1 Share capital 1 1 1 1

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director, Miss L Cooper, introduced funds to and withdrew funds from the company by way of a
director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the
director £2,003 (2015: £8,525) and this amount is included in creditors.

Page 5