Registered Number 08905206

ADAM POVEY LIGHTING LTD

Abbreviated Accounts

31 March 2016

ADAM POVEY LIGHTING LTD Registered Number 08905206

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 2,118 2,824
2,118 2,824
Current assets
Debtors 10,197 8,076
Cash at bank and in hand 48,139 41,579
58,336 49,655
Creditors: amounts falling due within one year (41,004 ) (38,106 )
Net current assets (liabilities) 17,332 11,549
Total assets less current liabilities 19,450 14,373
Total net assets (liabilities) 19,450 14,373
Capital and reserves
Called up share capital 3 200 100
Profit and loss account 19,250 14,273
Shareholders' funds 19,450 14,373

  • For the year ending 31 March 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 20 December 2016

And signed on their behalf by:
Mr Adam Povey, Director

ADAM POVEY LIGHTING LTD Registered Number 08905206

Notes to the Abbreviated Accounts for the period ended 31 March 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 represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:

Fixtures, fittings & equipment - 20% net book value

2 Tangible fixed assets
£
Cost
At 1 April 2015 3,765
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 3,765
Depreciation
At 1 April 2015 941
Charge for the year 706
On disposals -
At 31 March 2016 1,647
Net book values
At 31 March 2016 2,118
At 31 March 2015 2,824
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100
100 A Ordinary shares of £1 each (0 shares for 2015) 100 0

During the year a new class of share, “A” Ordinary Shares, with a nominal value of £1 per share was created and 100 “A” Ordinary Shares of £1 each were issued at par for cash. The “A” Ordinary Shares have no entitlement to vote or attend general meetings but have full entitlement to assets on winding up or sale of the company. Dividends declared at the discretion of the director after dividends payable to the preferred shareholder.