Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Corlett Electrical Engineering Company (1981) Limited
Contents
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Corlett Electrical Engineering Company (1981) Limited
(Registration number: 01561012)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr Gary Freeman
Director
1
Corlett Electrical Engineering Company (1981) Limited
(Registration number: 01561012)
Abbreviated Balance Sheet at 31 March 2016
......... continued
.........................................
Mr Andrew Speakman
Director
2
Corlett Electrical Engineering Company (1981) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold property |
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Plant and machinery |
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Fixtures & fittings |
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Motor vehicles |
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Computer equipment |
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Stock and work in progress
Hire purchase and leasing
Corlett Electrical Engineering Company (1981) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Financial instruments
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2015 |
18,000 |
211,533 |
229,533 |
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Disposals |
- |
(11,490) |
(11,490) |
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At 31 March 2016 |
18,000 |
200,043 |
218,043 |
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Depreciation |
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At 1 April 2015 |
18,000 |
183,852 |
201,852 |
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Charge for the year |
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5,602 |
5,602 |
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Eliminated on disposals |
- |
(9,479) |
(9,479) |
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At 31 March 2016 |
18,000 |
179,975 |
197,975 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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