Links Electrical Supplies (Porthmadog) L - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07507718 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Links Electrical Supplies (Porthmadog)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Lawton

D G Morgan

Mr P A Passant

D L Poyner

REGISTERED OFFICE:

Units 34-36

Mochdre Industrial Estate

Newtown

Powys

SY16 4LE

REGISTERED NUMBER:

07507718 (England and Wales)

ACCOUNTANTS:

Cox & Co

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

FIXED ASSETS

Tangible assets

4

8,747

9,173

CURRENT ASSETS

Stocks

67,385

73,138

Debtors

5

147,362

230,212

Cash at bank and in hand

(9,363

)

3,132

205,384

306,482

CREDITORS

Amounts falling due within one year

6

(123,800

)

(237,911

)

NET CURRENT ASSETS

81,584

68,571

TOTAL ASSETS LESS CURRENT LIABILITIES

90,331

77,744

PROVISIONS FOR LIABILITIES

-

(1

)

NET ASSETS

90,331

77,743

CAPITAL AND RESERVES

Called up share capital

400

500

Other reserves

(19,900

)

-

Retained earnings

109,831

77,243

SHAREHOLDERS' FUNDS

90,331

77,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 September 2017 and were signed on its behalf by:

D L Poyner - Director

1.	STATUTORY INFORMATION

Links Electrical Supplies (Porthmadog) Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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 cost, 20% on reducing balance and not provided

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

14,546

DEPRECIATION

At 1 January 2016

5,373

Charge for year

426

At 31 December 2016

5,799

NET BOOK VALUE

At 31 December 2016

8,747

At 31 December 2015

9,173

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

143,910

226,035

Other debtors

3,452

4,177

147,362

230,212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

2,603

-

Trade creditors

68,747

115,222

Taxation and social security

9,860

11,369

Other creditors

42,590

111,320

123,800

237,911

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY