EARLSFIELD POWER TOOLS LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 03027088 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

EARLSFIELD POWER TOOLS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

W Whitehouse

N Bailey

SECRETARY:

J Craughwell

REGISTERED OFFICE:

Brookwood House

84 Brookwood Road

London

SW18 5BY

REGISTERED NUMBER:

03027088 (England and Wales)

ACCOUNTANTS:

Craughwell & Co

84 Brookwood Road

London

SW18 5BY

FIXED ASSETS

Tangible assets

2

1,380

1,840

CURRENT ASSETS

Stocks

27,000

20,500

Debtors

100,287

136,670

Cash at bank and in hand

105,642

8,267

232,929

165,437

CREDITORS

Amounts falling due within one year

79,914

84,442

NET CURRENT ASSETS

153,015

80,995

TOTAL ASSETS LESS CURRENT LIABILITIES

154,395

82,835

CAPITAL AND RESERVES

Called up share capital

3

24

24

Profit and loss account

154,371

82,811

SHAREHOLDERS' FUNDS

154,395

82,835

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 27 January 2017 and were signed on its behalf by:

N Bailey - 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 net invoiced sales of goods, excluding value added tax.

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 and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

15,296

Disposals

(1,512

)

At 30 April 2016

13,784

DEPRECIATION

At 1 May 2015

13,456

Charge for year

460

Eliminated on disposal

(1,512

)

At 30 April 2016

12,404

NET BOOK VALUE

At 30 April 2016

1,380

At 30 April 2015

1,840

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

24

Ordinary

£1

24

24