K Allman Electrics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05433574

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

K Allman Electrics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs S Barton

Mr K Allman

REGISTERED OFFICE:

3 Roe Street

Macclesfield

Cheshire

SK11 6UT

REGISTERED NUMBER:

05433574

ACCOUNTANTS:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

FIXED ASSETS

Intangible assets

2

108,000

120,000

Tangible assets

3

16,988

10,338

124,988

130,338

CURRENT ASSETS

Stocks

1,650

1,500

Debtors

11,566

15,177

Cash at bank

30,445

19,988

43,661

36,665

CREDITORS

Amounts falling due within one year

126,666

109,566

NET CURRENT LIABILITIES

(83,005

)

(72,901

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,983

57,437

CREDITORS

Amounts falling due after more than one year

14,399

9,841

NET ASSETS

27,584

47,596

CAPITAL AND RESERVES

Called up share capital

4

160

160

Profit and loss account

27,424

47,436

SHAREHOLDERS' FUNDS

27,584

47,596

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 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 30 January 2017 and were signed on its behalf by:

Mrs S Barton - 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 is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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

Office equipment

-

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

240,000

AMORTISATION

At 1 May 2015

120,000

Amortisation for year

12,000

At 30 April 2016

132,000

NET BOOK VALUE

At 30 April 2016

108,000

At 30 April 2015

120,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

25,036

Additions

12,695

Disposals

(6,800

)

At 30 April 2016

30,931

DEPRECIATION

At 1 May 2015

14,698

Charge for year

5,662

Eliminated on disposal

(6,417

)

At 30 April 2016

13,943

NET BOOK VALUE

At 30 April 2016

16,988

At 30 April 2015

10,338

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

150

Ordinary A

£1

150

150

10

Ordinary B

£1

10

10

160

160