C S Electrical South West Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07364146 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

C S ELECTRICAL SOUTH WEST LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Selby

Mrs B T Selby

REGISTERED OFFICE:

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

07364146 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

2

6,967

8,263

CURRENT ASSETS

Stocks

4,500

3,195

Debtors

7,517

7,072

Cash at bank

70,853

48,101

82,870

58,368

CREDITORS

Amounts falling due within one year

8,407

5,126

NET CURRENT ASSETS

74,463

53,242

TOTAL ASSETS LESS CURRENT
LIABILITIES

81,430

61,505

PROVISIONS FOR LIABILITIES

1,393

1,653

NET ASSETS

80,037

59,852

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

80,036

59,851

SHAREHOLDERS' FUNDS

80,037

59,852

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

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

The directors acknowledge their 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 Board of Directors on 14 June 2017 and were signed on its behalf by:

C Selby - Director

Mrs B T Selby - Director

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 work done, excluding value added tax. Turnover is recognised when invoice is

raised for work carried out.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

13,320

Additions

861

At 30 September 2016

14,181

DEPRECIATION

At 1 October 2015

5,057

Charge for year

2,157

At 30 September 2016

7,214

NET BOOK VALUE

At 30 September 2016

6,967

At 30 September 2015

8,263

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1

Ordinary

£1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Rents totalling £1,320 were charged to the company by the directors for use of their private residence as the

company's office.