R.S. Electrical (R.S.E.) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02379926 (England and Wales)

R.S. ELECTRICAL (R.S.E.) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr R S Simms

SECRETARY:

Mrs S M Simms

REGISTERED OFFICE:

Unit 3 Brookside Ind Estate

Station Street

Longport

Stoke-on-Trent

Staffordshire

ST6 4ND

REGISTERED NUMBER:

02379926 (England and Wales)

ACCOUNTANTS:

McIntosh Chartered Accountants

29 Regent Road

Hanley

Stoke-on-Trent

Staffordshire

ST1 3BT

FIXED ASSETS

Tangible assets

2

6,137

7,907

CURRENT ASSETS

Stocks

99,742

98,819

Debtors

64,554

69,180

Cash at bank and in hand

236,454

204,005

400,750

372,004

CREDITORS

Amounts falling due within one year

108,754

92,991

NET CURRENT ASSETS

291,996

279,013

TOTAL ASSETS LESS CURRENT LIABILITIES

298,133

286,920

PROVISIONS FOR LIABILITIES

724

806

NET ASSETS

297,409

286,114

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

297,309

286,014

SHAREHOLDERS' FUNDS

297,409

286,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 6 August 2014 and were signed by:

Mr R S Simms - 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 April 2008).

Turnover

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

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 etc

-

25% on reducing balance and 10% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

52,110

DEPRECIATION

At 1 May 2013

44,203

Charge for year

1,770

At 30 April 2014

45,973

NET BOOK VALUE

At 30 April 2014

6,137

At 30 April 2013

7,907

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

100

Ordinary A

£1.00

100

100

Ordinary A £1.00 shares are voting shares entitled to dividends and participate in any proceeds from the sale or

winding up of the company.

4.	ULTIMATE CONTROLLING PARTY

R.S. Simms and Mrs S. Simms each own 50 % of the ordinary A £1.00 shares.