Company Registration No. 05829189 (England and Wales)
A V ELECTRICAL (SOUTHERN) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
A V ELECTRICAL (SOUTHERN) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A V ELECTRICAL (SOUTHERN) LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
16,000
17,600
Tangible assets
2
15,134
6,147
31,134
23,747
Current assets
Debtors
61,100
21,294
Cash at bank and in hand
33,745
72,485
94,845
93,779
Creditors: amounts falling due within one year
(101,069)
(109,910)
Net current liabilities
(6,224)
(16,131)
Total assets less current liabilities
24,910
7,616
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
24,810
7,516
Shareholders' funds
24,910
7,616
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.
Directors' 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 directors acknowledge their 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 22 December 2016
Mr A K Vine
Director
Company Registration No. 05829189
A V ELECTRICAL (SOUTHERN) LTD
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:
Plant and machinery
20% reducing balance basis
Fixtures, fittings & equipment
25% reducing balance basis
Motor vehicles
25% reducing balance basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
32,000
30,887
62,887
Additions
-
13,995
13,995
At 31 March 2016
32,000
44,882
76,882
Depreciation
At 1 April 2015
14,400
24,740
39,140
Charge for the year
1,600
5,008
6,608
At 31 March 2016
16,000
29,748
45,748
Net book value
At 31 March 2016
16,000
15,134
31,134
At 31 March 2015
17,600
6,147
23,747
A V ELECTRICAL (SOUTHERN) LTD
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
25 Ordinary A shares of £1 each
25
50
25 Ordinary B shares of £1 each
25
50
50 Ordinary C shares of £1 each
50
-
100
100
During the year 25 Ordinary A shares of £1 each have been reclassified as 25 Ordinary C shares of £1 each.
During the year 25 Ordinary B shares of £1 each have been reclassified as 25 Ordinary C shares of £1 each.
All shares shall rank pari passu in all respects except in relation to dividends such that a dividend can be declared on one class of share without being declared on the other classes of share.