REGISTERED NUMBER: 09499747 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 19 MARCH 2015 TO 31 MARCH 2016

FOR

MATT PAYNE ELECTRICAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M J Payne

REGISTERED OFFICE:

96-98 Castle Lane West

Bournemouth

Dorset

BH9 3JU

REGISTERED NUMBER:

09499747 (England and Wales)

ACCOUNTANTS:

Paget Reid York

96 Castle Lane West

Bournemouth

Dorset

BH9 3JU

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

16,565

16,566

CURRENT ASSETS

Stocks

807

Debtors

2,657

Cash at bank

18,674

22,138

CREDITORS

Amounts falling due within one year

22,832

NET CURRENT LIABILITIES

(694

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,872

CREDITORS

Amounts falling due after more than one year

(6,773

)

PROVISIONS FOR LIABILITIES

(3,017

)

NET ASSETS

6,082

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

5,982

SHAREHOLDERS' FUNDS

6,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 June 2016 and were signed by:

M J Payne - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

1

At 31 March 2016

1

NET BOOK VALUE

At 31 March 2016

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

20,934

At 31 March 2016

20,934

DEPRECIATION

Charge for period

4,369

At 31 March 2016

4,369

NET BOOK VALUE

At 31 March 2016

16,565

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.