Abbreviated Company Accounts - HOWLEY ELECTRICAL LIMITED

HOWLEY ELECTRICAL LIMITED - Company Information

06491929 HOWLEY ELECTRICAL LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 06491929 2013-04-01 2014-03-31 06491929 2014-03-31 06491929 2013-03-31 06491929 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06491929 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06491929

HOWLEY ELECTRICAL LIMITED

Abbreviated Accounts

31 March 2014

HOWLEY ELECTRICAL LIMITED Registered Number 06491929

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	48,000	60,000
Tangible assets	3	14,218	20,688
		62,218	80,688
Current assets
Debtors		38,267	26,120
Cash at bank and in hand		73,326	110,669
		111,593	136,789
Creditors: amounts falling due within one year		(66,709)	(79,762)
Net current assets (liabilities)		44,884	57,027
Total assets less current liabilities		107,102	137,715
Total net assets (liabilities)		107,102	137,715
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		107,002	137,615
Shareholders' funds		107,102	137,715

For the year ending 31 March 2014 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 12 November 2014

And signed on their behalf by:
Mr J J Howley, Director
Mr J K Howley, Director

HOWLEY ELECTRICAL LIMITED Registered Number 06491929

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of services made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Plant and machinery - 25% on the reducing balance basis

Motor vehicles - 25% on the reducing balance basis

Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 April 2013	120,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	120,000
Amortisation
At 1 April 2013	60,000
Charge for the year	12,000
On disposals	-
At 31 March 2014	72,000
Net book values
At 31 March 2014	48,000
At 31 March 2013	60,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	43,497
Additions	1,540
Disposals	(5,816)
Revaluations	-
Transfers	-
At 31 March 2014	39,221
Depreciation
At 1 April 2013	22,809
Charge for the year	4,740
On disposals	(2,546)
At 31 March 2014	25,003
Net book values
At 31 March 2014	14,218
At 31 March 2013	20,688

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100