P M Electrical Limited - Abbreviated accounts 16.3

P M Electrical Limited - Abbreviated accounts 16.3

P M ELECTRICAL LIMITED - Company Information

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REGISTERED NUMBER: 03357991 (England and Wales)














P M ELECTRICAL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2016













P M ELECTRICAL LIMITED (REGISTERED NUMBER: 03357991)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

P M ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2016







DIRECTOR: J. Donaghy



REGISTERED OFFICE: 135/137, Station Road,
Chingford,
London
E4 6AG



REGISTERED NUMBER: 03357991 (England and Wales)



ACCOUNTANTS: Findlay, Wetherfield, Scott & Co.
135/137, Station Road,
Chingford,
London
E4 6AG



BANKERS: Bank of Scotland plc.,
14-16, Cockspur Street,
London
SW1Y 5BL
Page 1
P M ELECTRICAL LIMITED (REGISTERED NUMBER: 03357991)

ABBREVIATED BALANCE SHEET
30TH SEPTEMBER 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 44,314 39,167
Cash at bank 12,998 17,932
57,312 57,099
CREDITORS
Amounts falling due within one year 10,791 14,186
NET CURRENT ASSETS 46,521 42,913
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,521
42,913

CAPITAL AND RESERVES
Called up share capital 2 100 100
Profit and loss account 46,421 42,813
SHAREHOLDERS' FUNDS 46,521 42,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 22nd May 2017 and were signed by:





J. Donaghy - Director


The notes form part of these abbreviated accounts

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P M ELECTRICAL LIMITED (REGISTERED NUMBER: 03357991)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2016

1. ACCOUNTING POLICIES

Accounting convention
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
Turnover represents net invoiced sales of goods, excluding value added tax.

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.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

3. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

J.Donaghy is a director of and shareholder in Parke Morrison Construction Limited.

Transactions with these persons at normal commercial rates were:

Parke Morrison Construction Limited:
Purchase of goods and services - £15,000 (previous year - £nil)
Sales of services and recharges - £nil (previous year - £nil)
Owed from (to) - £14,406 (previous year - £32,406).

The amount owed to the director was £5,872 (previous year £3,527).

Page 3