P.MEEKS (ELECTRICAL) LIMITED

P.MEEKS (ELECTRICAL) LIMITED

P.MEEKS (ELECTRICAL) LIMITED - Company Information

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P.MEEKS (ELECTRICAL) LIMITED

Company Registration Number:
02269867 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2017

Period of accounts

Start date: 01 July 2016

End date: 30 June 2017

P.MEEKS (ELECTRICAL) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2017

Balance sheet
Notes

P.MEEKS (ELECTRICAL) LIMITED

Balance sheet

As at 30 June 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 2,212 2,966
Total fixed assets: 2,212 2,966
Current assets
Stocks: 923 987
Debtors:   4,514 14,821
Cash at bank and in hand: 299,456 269,877
Total current assets: 304,893 285,685
Creditors: amounts falling due within one year:   (189,577) (185,494)
Net current assets (liabilities): 115,316 100,191
Total assets less current liabilities: 117,528 103,157
Provision for liabilities: (450) (600)
Total net assets (liabilities): 117,078 102,557
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 107,078 92,557
Shareholders funds: 117,078 102,557

The notes form part of these financial statements

P.MEEKS (ELECTRICAL) LIMITED

Balance sheet statements

For the year ending 30 June 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 March 2018
and signed on behalf of the board by:

Name: P V Meeks
Status: Director

The notes form part of these financial statements

P.MEEKS (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the principal activity of electricians and electrical contractors.Turnover represents net invoiced sales of electrical contracting services and related materials issued in the year plus accrued income, excluding value added tax.In line with Financial Reporting Standard 102 income has been recognised when the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 25% on reducing balance Motor vehicles 25% on reducing balance

Other accounting policies

StocksStocks consist of parts and goods purchased for resale. Stocks are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation 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.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.Going concernThe directors have considered the financial position of the company and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of preparation in preparing the financial statements.

P.MEEKS (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

2. Employees

2017 2016
Average number of employees during the period 2 2

P.MEEKS (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

3. Tangible Assets

Total
Cost £
At 01 July 2016 7,677
At 30 June 2017 7,677
Depreciation
At 01 July 2016 4,711
Charge for year 754
At 30 June 2017 5,465
Net book value
At 30 June 2017 2,212
At 30 June 2016 2,966