Kent Electrical Supplies Ltd - Limited company - abbreviated

REGISTERED NUMBER: 03058995 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Kent Electrical Supplies Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R J Lewis

SECRETARY:

Mrs S M Lewis

REGISTERED OFFICE:

Unit 2

24a Longley Road

Rainham

Gillingham

Kent

ME8 7RU

REGISTERED NUMBER:

03058995 (England and Wales)

ACCOUNTANTS:

AK Tax & Accountancy Ltd

Suite 1 Christchurch House

Beaufort Court

Sir Thomas Longley Road

Rochester

Kent

ME24FX

FIXED ASSETS

Tangible assets

2

2,704

6,253

CURRENT ASSETS

Stocks

33,778

43,795

Debtors

217,642

214,347

Prepayments and accrued income

8,000

Cash at bank

10,763

-

270,183

266,142

CREDITORS

Amounts falling due within one
year

257,110

270,391

NET CURRENT ASSETS/(LIABILITIES)

13,073

(4,249

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,777

2,004

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

15,775

2,002

SHAREHOLDERS' FUNDS

15,777

2,004

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 his 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 director on 27 January 2015 and
were signed by:

R J Lewis - 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 etc

-

25% on cost

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.

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

and 30 April 2014

135,877

DEPRECIATION

At 1 May 2013

129,624

Charge for year

3,549

At 30 April 2014

133,173

NET BOOK VALUE

At 30 April 2014

2,704

At 30 April 2013

6,253

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

2

Ordinary

1

2

Kent Electrical Supplies Ltd - Limited company - abbreviated - 11.0.0

Kent Electrical Supplies Ltd - Limited company - abbreviated - 11.0.0