N V K Electrical Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06481334 (England and Wales)

N V K ELECTRICAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

SECRETARY:

Mrs V Falconer

REGISTERED OFFICE:

95 High Street

Street

Somerset

BA16 0EZ

REGISTERED NUMBER:

06481334 (England and Wales)

ACCOUNTANTS:

Poole Resources

Chartered Certified Accountants

95 High Street

Street

Somerset

BA16 0EZ

BANKERS:

Lloyds TSB Bank plc

25 Cornhill

Bridgwater

Somerset

TA6 3AY

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of N V K Electrical Limited for the year ended 30 April 2014 which

comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its

ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of N V K Electrical Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N

V K Electrical Limited and state those matters that we have agreed to state to the director of N V K

Electrical Limited in this report in accordance with the requirements of the Association of Chartered

Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its director for our

work or for this report.

It is your duty to ensure that N V K Electrical Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and

loss of N V K Electrical Limited. You consider that N V K Electrical Limited is exempt from the statutory

audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N V K Electrical

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

Poole Resources

Chartered Certified Accountants

95 High Street

Street

Somerset

BA16 0EZ

Date: 12 December 2014

FIXED ASSETS

Tangible assets

2

2,199

2,974

CURRENT ASSETS

Debtors

1,898

7,614

Cash at bank

2

72

1,900

7,686

CREDITORS

Amounts falling due within one year

3

16,722

15,933

NET CURRENT LIABILITIES

(14,822

)

(8,247

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,623

)

(5,273

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(12,624

)

(5,274

)

SHAREHOLDERS' FUNDS

(12,623

)

(5,273

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges

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 12 December 2014 and were signed by:

Mrs V Falconer - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tools and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

9,265

Disposals

(500

)

At 30 April 2014

8,765

DEPRECIATION

At 1 May 2013

6,291

Charge for year

650

Eliminated on disposal

(375

)

At 30 April 2014

6,566

NET BOOK VALUE

At 30 April 2014

2,199

At 30 April 2013

2,974

3.

CREDITORS

Creditors include an amount of £ 9,889 (30.4.13 - £ 9,292 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1

Ordinary

£1

1

1

5.	POST BALANCE SHEET EVENTS

The company ceased trading on 9 August 2014 upon the death of the director, N A Falconer.