C & S Electrical Wholesale Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03440003 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

C & S Electrical Wholesale Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Graydon

Mrs C A Graydon

A Taylor

Mrs M M Taylor

SECRETARY:

Mrs C A Graydon

REGISTERED OFFICE:

Unit 25B

Frobisher Way

Taunton

Somerset

TA2 6BB

REGISTERED NUMBER:

03440003 (England and Wales)

ACCOUNTANTS:

Welch & Co

2 Drake House

Cook Way

Taunton

Somerset

TA2 6BJ

FIXED ASSETS

Tangible assets

2

163,749

122,190

CURRENT ASSETS

Stocks

295,045

300,137

Debtors

408,682

490,009

Cash at bank and in hand

159,189

139,461

862,916

929,607

CREDITORS

Amounts falling due within one year

479,418

693,611

NET CURRENT ASSETS

383,498

235,996

TOTAL ASSETS LESS CURRENT LIABILITIES

547,247

358,186

CREDITORS

Amounts falling due after more than one year

108,690

25,840

NET ASSETS

438,557

332,346

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

437,557

331,346

SHAREHOLDERS' FUNDS

438,557

332,346

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 11 December 2014 and were signed on its behalf by:

S Graydon - Director

A Taylor - 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.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

items.

Deferred tax

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

date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

298,515

Additions

103,929

Disposals

(24,608

)

At 30 September 2014

377,836

DEPRECIATION

At 1 October 2013

176,325

Charge for year

54,583

Eliminated on disposal

(16,821

)

At 30 September 2014

214,087

NET BOOK VALUE

At 30 September 2014

163,749

At 30 September 2013

122,190

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000