Abbreviated Company Accounts - G P ELECTRICAL (SOUTH WEST) LIMITED

Abbreviated Company Accounts - G P ELECTRICAL (SOUTH WEST) LIMITED

G P ELECTRICAL (SOUTH WEST) LIMITED - Company Information

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Registered Number 04895154

G P ELECTRICAL (SOUTH WEST) LIMITED

Abbreviated Accounts

30 September 2016

G P ELECTRICAL (SOUTH WEST) LIMITED Registered Number 04895154

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 721 975
Investments - -
721 975
Current assets
Stocks - -
Debtors 6,961 929
Investments - -
Cash at bank and in hand 1,736 2,176
8,697 3,105
Prepayments and accrued income - -
Creditors: amounts falling due within one year (6,632) (3,136)
Net current assets (liabilities) 2,065 (31)
Total assets less current liabilities 2,786 944
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income (1,585) (835)
Total net assets (liabilities) 1,201 109
Capital and reserves
Called up share capital 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 1,101 9
Shareholders' funds 1,201 109
  • For the year ending 30 September 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 26 June 2017

And signed on their behalf by:
Allister Gray, Director

G P ELECTRICAL (SOUTH WEST) LIMITED Registered Number 04895154

Notes to the Abbreviated Accounts for the period ended 30 September 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 January 2015.

Turnover policy
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.

Tangible assets depreciation policy
Fixed assets are shown at historical cost.

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery Straight line 20%

Other accounting policies
Corporation tax payable is provided on taxable profits at the current rate.

2Tangible fixed assets
£
Cost
At 1 October 2015 2,747
Additions 133
Disposals -
Revaluations -
Transfers -
At 30 September 2016 2,880
Depreciation
At 1 October 2015 1,772
Charge for the year 387
On disposals -
At 30 September 2016 2,159
Net book values
At 30 September 2016 721
At 30 September 2015 975