Criton Electrical Services Limited - Abbreviated accounts 16.3

Criton Electrical Services Limited - Abbreviated accounts 16.3

CRITON ELECTRICAL SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 05974229 (England and Wales)















CRITON ELECTRICAL SERVICES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016






CRITON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05974229)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 30 November 2016










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

CRITON ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2016







DIRECTOR: Mr. P A Hartshorne





SECRETARY: Miss T Broughton





REGISTERED OFFICE: Featherfield Poultry Farm
Plaistow Green
Crich
Derbyshire
DE4 5GX





REGISTERED NUMBER: 05974229 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE
Page 1
CRITON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05974229)

ABBREVIATED BALANCE SHEET
30 November 2016

2016 2015
Notes £    £   
FIXED ASSETS
Intangible assets 2 1,500 7,500
Tangible assets 3 11,567 14,741
13,067 22,241

CURRENT ASSETS
Stocks 6,200 3,700
Debtors 85,336 57,842
Cash at bank and in hand 70,097 132,049
161,633 193,591
CREDITORS
Amounts falling due within one year (75,007 ) (103,967 )
NET CURRENT ASSETS 86,626 89,624
TOTAL ASSETS LESS CURRENT
LIABILITIES
99,693
111,865

PROVISIONS FOR LIABILITIES (2,060 ) (2,639 )
NET ASSETS 97,633 109,226

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 97,631 109,224
SHAREHOLDERS' FUNDS 97,633 109,226

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
CRITON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05974229)

ABBREVIATED BALANCE SHEET - continued
30 November 2016


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 21 August 2017 and were signed by:





Mr. P A Hartshorne - Director


The notes form part of these abbreviated accounts

Page 3
CRITON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05974229)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 30 November 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have reviewed the company's current activities, future prospects and finance facilities.
The company has orders for work covering a period of several months ahead and continues to receive
enquiries to quote for further work. Many enquiries are from existing/returning customers and the
directors are confident that further orders will be obtained as the company has a good reputation for
reliability and the quality of its work. The company does not have any borrowings and has sufficient
cash reserves to allow it to continue to trade for the foreseeable future. As a result of this review the
directors have continued to adopt the going concern basis of accounting.

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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company
qualifies as a small company.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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 - 20% on cost

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
Full provision is made for deferred taxation resulting from timing differences between the recognition of
gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is
calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when
the timing differences will reverse.
Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the
company has entered into a binding agreement to sell the assets and recognised the gains and losses
expected to arise on sale. Deferred tax is also not recognised where assets have been sold and it is
expected that the taxable gain will be rolled over into a replacement asset.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all
the risks and rewards of ownership of the asset have passed to the company, are capitalised in the
balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase
obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period
of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

Page 4 continued...
CRITON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05974229)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 30 November 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2015
and 30 November 2016 60,000
AMORTISATION
At 1 December 2015 52,500
Amortisation for year 6,000
At 30 November 2016 58,500
NET BOOK VALUE

At 30 November 2016 1,500
At 30 November 2015 7,500

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2015
and 30 November 2016 22,854
DEPRECIATION
At 1 December 2015 8,113
Charge for year 3,174
At 30 November 2016 11,287
NET BOOK VALUE
At 30 November 2016 11,567
At 30 November 2015 14,741

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 5