Prescott & Mackay Limited - Limited company - abbreviated

REGISTERED NUMBER: 04631825 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

FOR

PRESCOTT & MACKAY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M J Needham

SECRETARY:

M H Needham

REGISTERED OFFICE:

Unit 201

5 King Edwards Rd

London

E9 7SG

REGISTERED NUMBER:

04631825 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

2

6,105

9,795

CURRENT ASSETS

Stocks

37,218

Debtors

4,207

7,603

Cash at bank and in hand

9,416

6,146

50,841

50,967

CREDITORS

Amounts falling due within one year

48,803

35,606

NET CURRENT ASSETS

2,038

15,361

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,143

25,156

CREDITORS

Amounts falling due after more than one
year

3,331

3,259

NET ASSETS

4,812

21,897

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

4,810

21,895

SHAREHOLDERS' FUNDS

4,812

21,897

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

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

The director acknowledges her 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 31 January 2015 and were signed by:

M J Needham - 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

48,328

Additions

869

At 31 January 2014

49,197

DEPRECIATION

At 1 February 2013

38,533

Charge for year

4,559

At 31 January 2014

43,092

NET BOOK VALUE

At 31 January 2014

6,105

At 31 January 2013

9,795

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

1.00

2

Prescott & Mackay Limited - Limited company - abbreviated - 11.6

Prescott & Mackay Limited - Limited company - abbreviated - 11.6