M J B Electrical (Southampton) Limited - Period Ending 2014-03-31

Registration number: 04793671

M J B Electrical (Southampton) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

M J B Electrical (Southampton) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

M J B Electrical (Southampton) Limited
(Registration number: 04793671)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			52			77
Current assets
Debtors					24,419			5,926
Cash at bank and in hand					46,888			46,128
					71,307			52,054
Creditors: Amounts falling due within one year					(64,583)			(54,512)
Net current assets/(liabilities)					6,724			(2,458)
Total assets less current liabilities					6,776			(2,381)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					6,775			(2,382)
Shareholders' funds/(deficit)					6,776			(2,381)

For the year ending 31 March 2014 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 director acknowledges his 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 director on 3 November 2014

.........................................
M J Beadle
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

M J B Electrical (Southampton) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

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 April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Office equipment	33% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		1,163			1,163
At 31 March 2014		1,163			1,163
Depreciation
At 1 April 2013		1,086			1,086
Charge for the year		25			25
At 31 March 2014		1,111			1,111
Net book value
At 31 March 2014		52			52
At 31 March 2013		77			77

Page 2

M J B Electrical (Southampton) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3