Portland Electrical (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08467383 (England and Wales)

Abbreviated Accounts for the Period 28 March 2013 to 30 April 2014

for

Portland Electrical (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Cooper

Miss T Slater

REGISTERED OFFICE:

Unit 6

Heritage Business Centre

Derby Road

Belper

Derbyshire

DE56 1SW

REGISTERED NUMBER:

08467383 (England and Wales)

FIXED ASSETS

Intangible assets

2

8,400

Tangible assets

3

5,632

14,032

CURRENT ASSETS

Debtors

20,513

Cash at bank

11,963

32,476

CREDITORS

Amounts falling due within one year

38,073

NET CURRENT LIABILITIES

(5,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,435

PROVISIONS FOR LIABILITIES

682

NET ASSETS

7,753

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

7,752

SHAREHOLDERS' FUNDS

7,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 December 2014 and were signed on its behalf by:

B Cooper - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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 reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,500

At 30 April 2014

10,500

AMORTISATION

Amortisation for period

2,100

At 30 April 2014

2,100

NET BOOK VALUE

At 30 April 2014

8,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

7,510

At 30 April 2014

7,510

DEPRECIATION

Charge for period

1,878

At 30 April 2014

1,878

NET BOOK VALUE

At 30 April 2014

5,632

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1

1

1 Ordinary share of 1 was allotted and fully paid for cash at par during the period.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the directors, Mr B Cooper and Miss T Slater, introduced funds to and withdrew funds from

the company by way of a directors' loan account. This loan is interest free and repayable upon demand. At the

period end the company owed the directors £16,404 and this amount is included in creditors.