Alder Electrics Uk Limited
|
For the year ended 30 June 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06931037
Alder Electrics Uk Limited
For the year ended 30 June 2016
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
Alder Electrics Uk Limited
Accountants' Report
For the year ended 30 June 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Alder Electrics Uk Limited for the year ended
30
June
2016
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 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 Board of Directors of Alder Electrics Uk Limited
,
as a body
,
in accordance with the
|
terms of our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the
|
accounts of Alder Electrics Uk Limited and state those matters that we have agreed to state to the Board of
|
Directors of Alder Electrics Uk Limited
,
as a body
,
in this report in accordance with the requirements of the
|
Association of Chartered Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the
|
fullest extent permitted by law
,
we do not accept or assume responsibility to anyone other than Alder Electrics Uk
|
Limited and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Alder Electrics Uk Limited has kept adequate accounting records and to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Alder
|
Electrics Uk Limited
.
You consider that Alder Electrics Uk Limited is exempt from the statutory audit requirement for
|
the year
.
|
S.B.P. (Southport) Limited T/as S B Patel & Co
Tolsey House
1 Marshside Road
Churchtown
Southport
PR9 9TL
1 of 5
Abbreviated Balance Sheet
|
Alder Electrics Uk Limited
2016
2015
2
16,000
22,000
3
41,038
37,132
57,038
59,132
5,500
2,500
23,790
41,039
45,200
82,890
88,739
112,180
Creditors
:
amounts falling due within one year
|
(94,534)
(50,068)
17,646
38,671
Net current assets
Total assets less current liabilities
|
95,709
76,778
Creditors
:
amounts falling due after more than one year
|
(29,949)
(30,960)
64,749
Net assets
46,829
100
4
100
64,649
46,729
64,749
46,829
Shareholders funds
For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) 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.
|
Date approved by the board: 07 February 2017
|
Mr Neil John Elder Director
|
Signed on behalf of the board of directors
|
2 of 5
Notes to the Abbreviated Financial Statements
|
Alder Electrics Uk Limited
For the year ended 30 June 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Finance lease and hire purchase charges
|
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the
|
estimated expected useful economic life of the goodwill of
5
years
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor Vehicles
Fixtures, Fittings & Equipment
Assets on finance lease and hire purchase
|
Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and
|
rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets
|
and depreciated over the shorter of the lease term and their estimated expected useful lives
.
|
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
|
Stocks and work in progress
|
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 5
Notes to the Abbreviated Financial Statements
|
Alder Electrics Uk Limited
For the year ended 30 June 2016
2
Intangible fixed assets
|
30,000
30,000
8,000
6,000
Charge for year
14,000
16,000
22,000
46,815
17,899
(5,000)
59,714
9,683
(1,266)
10,259
Charge for year
18,676
41,038
37,132
Allotted called up and fully paid
|
2016
2015
100
Class A shares of £
1
.
00
each
|
100
100
100
100
4 of 5
Notes to the Abbreviated Financial Statements
|
Alder Electrics Uk Limited
For the year ended 30 June 2016
Mr Neil John Elder
Directors Advances
(29,296)
12,305
-
(16,991)
-
(29,296)
12,305
-
(16,991)
-
5 of 5