P.K.B. Electrical & Data Installation Ltd - Period Ending 2014-04-30

Registration number: 03345658

P.K.B. Electrical & Data Installation Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

P.K.B. Electrical & Data Installation Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

P.K.B. Electrical & Data Installation Ltd
(Registration number: 03345658)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			1,421			1,249
Current assets
Debtors					39,668			34,846
Cash at bank and in hand					1,414			69
					41,082			34,915
Creditors: Amounts falling due within one year					(10,394)			(8,290)
Net current assets					30,688			26,625
Total assets less current liabilities					32,109			27,874
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					32,107			27,872
Shareholders' funds					32,109			27,874

For the year ending 30 April 2014 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 30 November 2014

.........................................
PD Buxey
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

P.K.B. Electrical & Data Installation Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of electrical installation services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		5,516			5,516
Additions		646			646
At 30 April 2014		6,162			6,162
Depreciation
At 1 May 2013		4,267			4,267
Charge for the year		474			474
At 30 April 2014		4,741			4,741
Net book value
At 30 April 2014		1,421			1,421
At 30 April 2013		1,249			1,249

Page 2

P.K.B. Electrical & Data Installation Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
PD Buxey
Directors loan account	15,664	10,254	35,389	44,594

Page 3