J2 Electrical Contractors Ltd - Period Ending 2016-09-30

Registration number: 05939603

J2 Electrical Contractors Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA

J2 Electrical Contractors Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
J2 Electrical Contractors Ltd
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J2 Electrical Contractors Ltd for the year ended 30 September 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of J2 Electrical Contractors Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of J2 Electrical Contractors Ltd . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J2 Electrical Contractors Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that J2 Electrical Contractors Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J2 Electrical Contractors Ltd. You consider that J2 Electrical Contractors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of J2 Electrical Contractors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA

30 June 2017

Page 1

J2 Electrical Contractors Ltd
(Registration number: 05939603)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					8,826			10,097
Current assets
Debtors					197,703			102,885
Cash at bank and in hand					75,790			36,084
					273,493			138,969
Creditors: Amounts falling due within one year					(141,491)			(61,376)
Net current assets					132,002			77,593
Total assets less current liabilities					140,828			87,690
Creditors: Amounts falling due after more than one year					2,030			(2,673)
Net assets					142,858			85,017
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					142,758			84,917
Shareholders' funds					142,858			85,017

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 30 June 2017 and signed on its behalf by:

.........................................
Mr Jay Kelly
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

J2 Electrical Contractors Ltd
(Registration number: 05939603)
Abbreviated Balance Sheet at 30 September 2016
......... continued

.........................................
Mr Jason Stephen Skidmore
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

J2 Electrical Contractors Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% Reducing Balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		35,191			35,191
Additions		1,659			1,659
At 30 September 2016		36,850			36,850
Depreciation
At 1 October 2015		25,094			25,094
Charge for the year		2,930			2,930
At 30 September 2016		28,024			28,024
Net book value
At 30 September 2016		8,826			8,826
At 30 September 2015		10,097			10,097

Page 4

J2 Electrical Contractors Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 5