Company Registration No. 7680461 (England and Wales)
LIGHTING ELECTRICIANS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014FY
LIGHTING ELECTRICIANS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LIGHTING ELECTRICIANS LTD
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
45,000
51,000
Tangible assets
2
18,757
24,999
63,757
75,999
Current assets
Stocks
5,854
8,139
Debtors
32,381
30,762
38,235
38,901
Creditors: amounts falling due within one year
(83,067)
(96,075)
Net current liabilities
(44,832)
(57,174)
Total assets less current liabilities
18,925
18,825
Capital and reserves
Called up share capital
3
50
50
Profit and loss account
18,875
18,775
Shareholders' funds
18,925
18,825
For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 December 2014
Mr M H Hurford
Director
Company Registration No. 7680461
LIGHTING ELECTRICIANS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% Straight Line
Fixtures, fittings & equipment
20% Straight Line
Motor vehicles
20% Straight Line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2013 & at 30 June 2014
60,000
31,208
91,208
Depreciation
At 1 July 2013
9,000
6,209
15,209
Charge for the year
6,000
6,242
12,242
At 30 June 2014
15,000
12,451
27,451
Net book value
At 30 June 2014
45,000
18,757
63,757
At 30 June 2013
51,000
24,999
75,999
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
50 Ordinary of £1 each
50
50
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