Abbreviated Company Accounts - PAS ELECTRICAL & SOLAR SERVICES LTD

Abbreviated Company Accounts - PAS ELECTRICAL & SOLAR SERVICES LTD

PAS ELECTRICAL & SOLAR SERVICES LTD - Company Information

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Registered Number 07788841

PAS ELECTRICAL & SOLAR SERVICES LTD

Abbreviated Accounts

31 August 2016

PAS ELECTRICAL & SOLAR SERVICES LTD Registered Number 07788841

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 16,163 4,371
16,163 4,371
Current assets
Debtors 47,931 30,378
Cash at bank and in hand 37,932 71,250
85,863 101,628
Creditors: amounts falling due within one year (51,325) (84,695)
Net current assets (liabilities) 34,538 16,933
Total assets less current liabilities 50,701 21,304
Creditors: amounts falling due after more than one year (5,468) -
Total net assets (liabilities) 45,233 21,304
Capital and reserves
Called up share capital 3 3
Profit and loss account 45,230 21,301
Shareholders' funds 45,233 21,304
  • For the year ending 31 August 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 2 May 2017

And signed on their behalf by:
P Speller, Director

PAS ELECTRICAL & SOLAR SERVICES LTD Registered Number 07788841

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services , excluding VAT.

Tangible assets depreciation policy
Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows:-

Motor Vehicles 25% Reducing Balance
Office Equipment 25% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 September 2015 10,212
Additions 17,180
Disposals -
Revaluations -
Transfers -
At 31 August 2016 27,392
Depreciation
At 1 September 2015 5,841
Charge for the year 5,388
On disposals -
At 31 August 2016 11,229
Net book values
At 31 August 2016 16,163
At 31 August 2015 4,371

The net book value of tangible assets includes £15,977 (2015: £4,122) in respect of assets held under finance leases and hire purchase contracts.