Abbreviated Company Accounts - A J PRICE ELECTRICAL CONTRACTORS LIMITED

A J PRICE ELECTRICAL CONTRACTORS LIMITED - Company Information

04724387 A J PRICE ELECTRICAL CONTRACTORS LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 04724387 2015-06-01 2016-05-31 04724387 2016-05-31 04724387 2015-05-31 04724387 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 04724387 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 04724387

A J PRICE ELECTRICAL CONTRACTORS LIMITED

Abbreviated Accounts

31 May 2016

A J PRICE ELECTRICAL CONTRACTORS LIMITED Registered Number 04724387

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,949	14,273
		7,949	14,273
Current assets
Debtors		6,309	10,805
Cash at bank and in hand		20,831	19,006
		27,140	29,811
Creditors: amounts falling due within one year		(10,897)	(14,573)
Net current assets (liabilities)		16,243	15,238
Total assets less current liabilities		24,192	29,511
Total net assets (liabilities)		24,192	29,511
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		24,190	29,509
Shareholders' funds		24,192	29,511

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 27 July 2016

And signed on their behalf by:
A J Price, Director

A J PRICE ELECTRICAL CONTRACTORS LIMITED Registered Number 04724387

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery, etc - 33% on reducing balance and 25% on cost.

Other accounting policies
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 June 2015	33,165
Additions	832
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	33,997
Depreciation
At 1 June 2015	18,892
Charge for the year	7,156
On disposals	-
At 31 May 2016	26,048
Net book values
At 31 May 2016	7,949
At 31 May 2015	14,273

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2