Penylan Heating Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06646532 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

PENYLAN HEATING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P E King

S King

SECRETARY:

S King

REGISTERED OFFICE:

Celtic House

Caxton Place

Pentwyn

Cardiff

South Glamorgan

CF23 8HA

REGISTERED NUMBER:

06646532 (England and Wales)

ACCOUNTANTS:

Lewis Ballard Limited

Celtic House

Caxton Place

Pentwyn

Cardiff

South Glamorgan

CF23 8HA

FIXED ASSETS

Tangible assets

2

5,969

7,959

CURRENT ASSETS

Stocks

147

128

Debtors

4,236

4,900

Cash at bank

1,083

941

5,466

5,969

CREDITORS

Amounts falling due within one year

(7,145

)

(8,108

)

NET CURRENT LIABILITIES

(1,679

)

(2,139

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,290

5,820

CREDITORS

Amounts falling due after more than one year

(3,490

)

(5,584

)

NET ASSETS

800

236

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

798

234

SHAREHOLDERS' FUNDS

800

236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 8 January 2015 and were signed on its behalf by:

S King - 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 and services, 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.

Plant & machinery - 25% on reducing balance basis

Motor vehicles - 25% on reducing balance basis

Computer equipment - 25% on reducing balance basis

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.

Going concern

At the balance sheet date, the company's current liabilities exceeded its current assets. The company has received

assurance from the directors that they will continue to give financial support to the company for twelve months

from the date of signing these financial statements if necessary. On this basis, the directors consider it

appropriate to prepare the accounts on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

15,451

DEPRECIATION

At 1 September 2013

7,492

Charge for year

1,990

At 31 August 2014

9,482

NET BOOK VALUE

At 31 August 2014

5,969

At 31 August 2013

7,959

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2014 and

31 August 2013:

2014

2013

£

£

P E King and S King

Balance outstanding at start of year

2,605

1,373

Amounts advanced

28,638

10,232

Amounts repaid

(28,041

)

(9,000

)

Balance outstanding at end of year

3,202

2,605