Registered Number 06307095

BLAC ELECTRICAL LIMITED

Abbreviated Accounts

31 July 2016

BLAC ELECTRICAL LIMITED Registered Number 06307095

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 2,640 5,280
Tangible assets 3 21,756 8,958
24,396 14,238
Current assets
Stocks 8,663 12,007
Debtors 15,727 18,172
Cash at bank and in hand 65,169 57,413
89,559 87,592
Creditors: amounts falling due within one year (54,642 ) (51,634 )
Net current assets (liabilities) 34,917 35,958
Total assets less current liabilities 59,313 50,196
Total net assets (liabilities) 59,313 50,196
Capital and reserves
Called up share capital 100 100
Profit and loss account 59,213 50,096
Shareholders' funds 59,313 50,196

  • For the year ending 31 July 2016 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.

Approved by the Board on 1 March 2017

And signed on their behalf by:
Mr R Baker, Director

BLAC ELECTRICAL LIMITED Registered Number 06307095

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Tangible Fixed assets, other than 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 & Machinery 15% reducing value
Computer Equipment 25% reducing value
Motor Vehicles 25% reducing value

Intangible assets amortisation policy
Acquired goodwill is stated at cost less amortisation. Amortisation is calulated on a straigh line basis over 10 years.

2 Intangible fixed assets
£
Cost
At 1 August 2015 26,400
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 26,400
Amortisation
At 1 August 2015 21,120
Charge for the year 2,640
On disposals -
At 31 July 2016 23,760
Net book values
At 31 July 2016 2,640
At 31 July 2015 5,280
3 Tangible fixed assets
£
Cost
At 1 August 2015 16,267
Additions 19,990
Disposals -
Revaluations -
Transfers -
At 31 July 2016 36,257
Depreciation
At 1 August 2015 7,309
Charge for the year 7,192
On disposals -
At 31 July 2016 14,501
Net book values
At 31 July 2016 21,756
At 31 July 2015 8,958