Abbreviated Company Accounts - TQ ELECTRICAL LTD

09574658 TQ ELECTRICAL LTD 2016-05-31 false 2015-05-05 2016-05-31 true 09574658 2015-05-05 2016-05-31 09574658 2016-05-31 09574658 uk-gaap-cd-bus:Director1 2015-05-05 2016-05-31 09574658 uk-gaap-cd-bus:Director2 2015-05-05 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-05 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 iso4217:GBP shares

Registered Number 09574658

TQ ELECTRICAL LTD

Abbreviated Accounts

31 May 2016

TQ ELECTRICAL LTD Registered Number 09574658

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	4,958
		4,958
Current assets
Stocks		50
Debtors		2,686
Cash at bank and in hand		16,057
		18,793
Creditors: amounts falling due within one year		(14,836)
Net current assets (liabilities)		3,957
Total assets less current liabilities		8,915
Total net assets (liabilities)		8,915
Capital and reserves
Called up share capital	3	1
Profit and loss account		8,914
Shareholders' funds		8,915

For the year ending 31 May 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 3 February 2017

And signed on their behalf by:
Mr James Goodwin, Director

TQ ELECTRICAL LTD Registered Number 09574658

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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
Motor Vehicles 25% reducing balance
Plant and equipment 25% reducing balance
Office equipment 25% reducing balance

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
Additions	9,500
Disposals	(3,500)
Revaluations	-
Transfers	-
At 31 May 2016	6,000
Depreciation
Charge for the year	1,042
On disposals	-
At 31 May 2016	1,042
Net book values
At 31 May 2016	4,958

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
1,000 Ordinary shares of £0.001 each	1

New shares allotted
During the period 1,000 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.