Wiltshire Electrics Limited
|
For the year ended 30 April 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08031271
Wiltshire Electrics Limited
For the year ended 30 April 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Wiltshire Electrics Limited
Accountants' Report
For the year ended 30 April 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Wiltshire Electrics Limited for the year ended
30
April
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 Wiltshire Electrics 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 Wiltshire Electrics Limited and state those matters that we have agreed to state to the Board of
|
Directors of Wiltshire Electrics 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 Wiltshire Electrics
|
Limited and its Board of Directors as a body for our work or for this report
.
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It is your duty to ensure that Wiltshire Electrics 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 Wiltshire
|
Electrics Limited
.
You consider that Wiltshire Electrics Limited is exempt from the statutory audit requirement for
|
the year
.
|
Morrison Associates
24 James Street West
Bath
BA1 2BT
1 of 4
Abbreviated Balance Sheet
|
Wiltshire Electrics Limited
2016
2015
2
50,000
50,000
3
24,597
19,574
74,597
69,574
5,000
1,500
31,399
30,105
41,882
34,015
73,487
70,414
Creditors
:
amounts falling due within one year
|
(59,295)
(84,121)
11,119
(10,634)
Net current liabilities
Total assets less current liabilities
|
63,963
80,693
63,963
Net assets
80,693
200
4
1
63,499
63,499
264
17,193
63,963
80,693
Shareholders funds
For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors 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 directors acknowledge their 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.
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Date approved by the board: 04 November 2016
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Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
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Wiltshire Electrics Limited
For the year ended 30 April 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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
0
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:
|
Plant and Machinery
Motor Vehicles
Stocks 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.
|
2
Intangible fixed assets
|
50,000
50,000
50,000
50,000
3 of 4
Notes to the Abbreviated Financial Statements
|
Wiltshire Electrics Limited
For the year ended 30 April 2016
30,999
13,221
44,220
11,425
8,198
Charge for year
19,623
24,597
19,574
Allotted called up and fully paid
|
2016
2015
1
Class A share of £
1
.
00
each
|
1
1
1
1
4 of 4