P L Canter Plastering Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07650683 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

P L CANTER PLASTERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P L Canter

Mrs C Canter

SECRETARY:

REGISTERED OFFICE:

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

REGISTERED NUMBER:

07650683 (England and Wales)

ACCOUNTANTS:

Greenwood Wilson

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

FIXED ASSETS

Intangible assets

2

7,000

8,000

Tangible assets

3

5,317

7,088

12,317

15,088

CURRENT ASSETS

Debtors

25,403

15,744

Cash at bank

3,501

6,627

28,904

22,371

CREDITORS

Amounts falling due within one year

34,988

31,812

NET CURRENT LIABILITIES

(6,084

)

(9,441

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,233

5,647

CREDITORS

Amounts falling due after more than one year

7,035

9,439

NET LIABILITIES

(802

)

(3,792

)

CAPITAL AND RESERVES

Called up share capital

4

102

102

Profit and loss account

(904

)

(3,894

)

SHAREHOLDERS' FUNDS

(802

)

(3,792

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 January 2015 and were signed on its behalf by:

P L Canter - 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 April 2008).

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 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

10,000

AMORTISATION

At 1 June 2013

2,000

Amortisation for year

1,000

At 31 May 2014

3,000

NET BOOK VALUE

At 31 May 2014

7,000

At 31 May 2013

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

9,451

DEPRECIATION

At 1 June 2013

2,363

Charge for year

1,771

At 31 May 2014

4,134

NET BOOK VALUE

At 31 May 2014

5,317

At 31 May 2013

7,088

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

102

102