Micro-entity Accounts - PORTCULLIS ELECTRIC GATES LIMITED

PORTCULLIS ELECTRIC GATES LIMITED - Company Information

06943582 PORTCULLIS ELECTRIC GATES LIMITED 2017-05-31 false 2016-06-01 2017-05-31 true 06943582 2016-06-01 2017-05-31 06943582 2017-05-31 06943582 2016-05-31 06943582 uk-gaap-cd-bus:Director1 2016-06-01 2017-05-31 06943582 uk-gaap-cd-bus:Director2 2016-06-01 2017-05-31 06943582 uk-gaap-cd-bus:AllEntityOfficers 2016-06-01 2017-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-01 2017-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 iso4217:GBP shares

Registered Number 06943582

PORTCULLIS ELECTRIC GATES LIMITED

Micro-entity Accounts

31 May 2017

PORTCULLIS ELECTRIC GATES LIMITED Registered Number 06943582

Micro-entity Balance Sheet as at 31 May 2017

	Notes	2017	2016
		£	£
Fixed assets
Intangible assets	1	49,977	62,610
Tangible assets	2	15,522	17,511
		65,499	80,121
Current assets
Stocks		33,804	44,200
Debtors		82,451	142,475
Cash at bank and in hand		15,264	18,420
		131,519	205,095
Net current assets (liabilities)		131,519	205,095
Total assets less current liabilities		197,018	285,216
Creditors: amounts falling due after more than one year		(152,098)	(150,577)
Total net assets (liabilities)		44,920	134,639
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		44,820	134,539
Shareholders' funds		44,920	134,639

For the year ending 31 May 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 February 2018

And signed on their behalf by:
Mr D Madders, Director

PORTCULLIS ELECTRIC GATES LIMITED Registered Number 06943582

Notes to the Micro-entity Accounts for the period ended 31 May 2017

1Intangible fixed assets

	£
Cost
At 1 June 2016	151,600
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2017	151,600
Amortisation
At 1 June 2016	88,990
Charge for the year	12,633
On disposals	-
At 31 May 2017	101,623
Net book values
At 31 May 2017	49,977
At 31 May 2016	62,610

2Tangible fixed assets

	£
Cost
At 1 June 2016	76,114
Additions	2,950
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2017	79,064
Depreciation
At 1 June 2016	58,603
Charge for the year	4,939
On disposals	-
At 31 May 2017	63,542
Net book values
At 31 May 2017	15,522
At 31 May 2016	17,511

3Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100

4Accounting Policies

Basis of measurement and preparation of accounts
These financial statements have been prepared in accordance with the provisions of Section 1a "Small Entities" of Financial Reporting Standard 102 and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 20% on cost
Fixtures & Fittings - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost