ITP Electrical Ltd.
|
Registered number: |
07209859
|
Abbreviated Balance Sheet |
as at 31 March 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
30,493 |
|
|
36,493 |
Tangible assets |
3 |
|
|
10,812 |
|
|
6,941 |
|
|
|
|
41,305 |
|
|
43,434 |
|
Current assets |
Stock and work in progress |
|
|
27,101 |
|
|
31,495 |
Debtors |
|
|
167,766 |
|
|
115,331 |
|
|
|
194,867 |
|
|
146,826 |
|
Creditors: amounts falling due within one year |
|
|
(124,918) |
|
|
(113,654) |
|
Net current assets |
|
|
|
69,949 |
|
|
33,172 |
|
Net assets |
|
|
|
111,254 |
|
|
76,606 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
111,252 |
|
|
76,604 |
|
Shareholders' funds |
|
|
|
111,254 |
|
|
76,606 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
CP Atkins |
Director |
Approved by the board on 23 December 2015
|
|
ITP Electrical Ltd.
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
25% reducing balance
|
|
Tools and equipment |
15% reducing balance |
|
Motor vehicles |
25% reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
60,000 |
|
At 31 March 2015 |
60,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2014 |
23,507 |
|
Provided during the year |
6,000 |
|
At 31 March 2015 |
29,507 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
30,493 |
|
At 31 March 2014 |
36,493 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
14,995 |
|
Additions |
6,929 |
|
At 31 March 2015 |
21,924 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
8,054 |
|
Charge for the year |
3,058 |
|
At 31 March 2015 |
11,112 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
10,812 |
|
At 31 March 2014 |
6,941 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|