Company Registration No. 05718298 (England and Wales)
A & M ELECTRICALS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
A & M ELECTRICALS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A & M ELECTRICALS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
46,859
58,788
Current assets
Stocks
61,418
47,131
Debtors
525,667
320,020
Cash at bank and in hand
325,510
425,528
912,595
792,679
Creditors: amounts falling due within one year
(323,333)
(277,957)
Net current assets
589,262
514,722
Total assets less current liabilities
636,121
573,510
Creditors: amounts falling due after more than one year
-
(1,912)
Provisions for liabilities
(9,132)
(11,758)
626,989
559,840
Capital and reserves
Called up share capital
3
150,004
150,004
Profit and loss account
476,985
409,836
Shareholders' funds
626,989
559,840
A & M ELECTRICALS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2016
31 August 2016
- 2 -
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 May 2017
Mr P O'Donnell
Director
Company Registration No. 05718298
A & M ELECTRICALS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Straight line over life of lease
Plant and machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015
143,903
Additions
9,142
Disposals
(14,445)
At 31 August 2016
138,600
Depreciation
At 1 September 2015
85,115
On disposals
(13,389)
Charge for the year
20,015
At 31 August 2016
91,741
Net book value
At 31 August 2016
46,859
At 31 August 2015
58,788
A & M ELECTRICALS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4
150,000 Preference Shares of £1 each
150,000
150,000
150,004
150,004
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