Company Registration No. 04566584 (England and Wales)
EXTRELEC SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
EXTRELEC SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
EXTRELEC SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
11,203
4,736
Current assets
Stocks
1,073
1,513
Debtors
57,063
88,105
Cash at bank and in hand
1,594
17
59,730
89,635
Creditors: amounts falling due within one year
(47,847)
(72,386)
Net current assets
11,883
17,249
Total assets less current liabilities
23,086
21,985
Creditors: amounts falling due after more than one year
(4,000)
-
Provisions for liabilities
(2,241)
(947)
16,845
21,038
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
16,745
20,938
Shareholders' funds
16,845
21,038
EXTRELEC SERVICES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 December 2016
Mr D Steel
Director
Company Registration No. 04566584
EXTRELEC SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
2 - 5 years straight line
Fixtures, fittings & equipment
2 - 5 years straight line
Motor vehicles
3 years straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
EXTRELEC SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
21,702
Additions
8,300
Disposals
(16,202)
At 31 March 2016
13,800
Depreciation
At 1 April 2015
16,966
On disposals
(16,202)
Charge for the year
1,833
At 31 March 2016
2,597
Net book value
At 31 March 2016
11,203
At 31 March 2015
4,736
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100