Company Registration No. 05397040 (England and Wales)
DNE ELECTRICAL SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
DNE ELECTRICAL SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DNE ELECTRICAL SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,305
2,382
Current assets
Stocks
2,500
2,500
Debtors
116,305
91,142
Cash at bank and in hand
42,867
10,565
161,672
104,207
Creditors: amounts falling due within one year
(77,721)
(87,131)
Net current assets
83,951
17,076
Total assets less current liabilities
86,256
19,458
Provisions for liabilities
(237)
-
86,019
19,458
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
85,919
19,358
Shareholders' funds
86,019
19,458
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 26 January 2017
D Nowers
Director
Company Registration No. 05397040
DNE ELECTRICAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Computer equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
15,000
12,991
27,991
Additions
-
893
893
Disposals
-
(1,124)
(1,124)
At 31 March 2016
15,000
12,760
27,760
Depreciation
At 1 April 2015
15,000
10,609
25,609
On disposals
-
(715)
(715)
Charge for the year
-
561
561
At 31 March 2016
15,000
10,455
25,455
Net book value
At 31 March 2016
-
2,305
2,305
At 31 March 2015
-
2,382
2,382
DNE ELECTRICAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100