Abbreviated Company Accounts - HAY'S ELECTRICAL SERVICES LTD

HAY'S ELECTRICAL SERVICES LTD - Company Information

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Registered Number 06043373

HAY'S ELECTRICAL SERVICES LTD

Abbreviated Accounts

31 January 2014

HAY'S ELECTRICAL SERVICES LTD Registered Number 06043373

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,971	4,022
		2,971	4,022
Current assets
Debtors		30,458	44,705
Cash at bank and in hand		14,218	17,023
		44,676	61,728
Creditors: amounts falling due within one year		(18,190)	(23,756)
Net current assets (liabilities)		26,486	37,972
Total assets less current liabilities		29,457	41,994
Provisions for liabilities		(594)	(804)
Total net assets (liabilities)		28,863	41,190
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		28,862	41,189
Shareholders' funds		28,863	41,190

For the year ending 31 January 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 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 30 May 2014

And signed on their behalf by:
M.D. Hay, Director

HAY'S ELECTRICAL SERVICES LTD Registered Number 06043373

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% straight line
Motor vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 February 2013	7,086
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	7,086
Depreciation
At 1 February 2013	3,064
Charge for the year	1,051
On disposals	-
At 31 January 2014	4,115
Net book values
At 31 January 2014	2,971
At 31 January 2013	4,022

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

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	M. D. Hay
Description of the transaction:	Director's loan
Balance at 1 February 2013:	£ 12,710
Advances or credits made:	£ 31,489
Advances or credits repaid:	£ 40,000
Balance at 31 January 2014:	£ 4,199

The maximum balance outstanding in the year was £16,009.

Dividends totalling £40,000 were paid to M.D. Hay during the year.