DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD




Company Registration Number:
06726941 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st January 2012

End date: 31st December 2012

SUBMITTED

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Company Information
for the Period Ended
31st December 2012




Director: TJ Davies
RW Davies
Company secretary: TJ Davies
Registered office: 12 Birch Court
Llay
Wrexham
LL12 0TY
Company Registration Number: 06726941 (England and Wales)

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Abbreviated Balance sheet
As at 31st December 2012

Notes 2012
£
2011
£
Fixed assets
Tangible assets: 3 1,962 2,616
Total fixed assets: 1,962 2,616
Current assets
Stocks: 1,000 1,000
Debtors: 4 6,584 11,137
Cash at bank and in hand: 509 421
Total current assets: 8,093 12,558
Creditors
Creditors: amounts falling due within one year 5 7,369 10,439
Net current assets (liabilities): 724 2,119
Total assets less current liabilities: 2,686 4,735
Creditors: amounts falling due after more than one year: 6 2,291 3,541
Provision for liabilities: 392 523
Total net assets (liabilities): 3 671

The notes form part of these financial statements

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Abbreviated Balance sheet
As at 31st December 2012
continued

Notes 2012
£
2011
£
Capital and reserves
Called up share capital: 7 2 2
Profit and Loss account: 1 669
Total shareholders funds: 3 671

For the year ending 31 December 2012 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 03 September 2013

SIGNED ON BEHALF OF THE BOARD BY:

Name: TJ Davies
Status: Director
Name: RW Davies
Status: Director

The notes form part of these financial statements

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2012

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 25% on reducing balance basis, Motor vehicles - 25% on reducing balance basis.

    Valuation information and policy

    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 expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2012

  • 3. Tangible assets

    Total
    Cost £
    At 01st January 2012: 6,200
    At 31st December 2012: 6,200
    Depreciation
    At 01st January 2012: 3,584
    Charge for year: 654
    At 31st December 2012: 4,238
    Net book value
    At 31st December 2012: 1,962
    At 31st December 2011: 2,616

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2012

  • 4. Debtors

    2012
    £
    2011
    £
    Trade debtors: 4,084 7,637
    Other debtors: 2,500 3,500
    Total: 6,584 11,137

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2012

  • 5. Creditors: amounts falling due within one year

    2012
    £
    2011
    £
    Bank loans and overdrafts: 1,250 1,250
    Trade creditors: 920 5,303
    Taxation and social security: 5,199 3,167
    Other creditors: 0 719
    Total: 7,369 10,439

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2012

  • 6. Creditors: amounts falling due after more than one year

    2012
    £
    2011
    £
    Bank loans and overdrafts: 2,291 3,541
    Total: 2,291 3,541

DAVIES BROTHERS ELECTRICAL CONTRACTORS LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2012

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2011
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    2
    Total share capital: 2
    Current period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    2
    Total share capital: 2

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