Abbreviated Company Accounts - PSP INCINERATION LIMITED

PSP INCINERATION LIMITED - Company Information

Registered Number 04404377

PSP INCINERATION LIMITED

Abbreviated Accounts

31 May 2014

PSP INCINERATION LIMITED Registered Number 04404377

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	18,504	24,015
		18,504	24,015
Current assets
Debtors		7,238	11,714
Cash at bank and in hand		475	3,800
		7,713	15,514
Creditors: amounts falling due within one year		(34,042)	(43,553)
Net current assets (liabilities)		(26,329)	(28,039)
Total assets less current liabilities		(7,825)	(4,024)
Total net assets (liabilities)		(7,825)	(4,024)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(7,925)	(4,124)
Shareholders' funds		(7,825)	(4,024)

For the year ending 31 May 2014 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 12 January 2015

And signed on their behalf by:
T D Prosser, Director

PSP INCINERATION LIMITED Registered Number 04404377

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% Straight Line
Motor Vehicles - 25% Reducing Balance
Equipment - 20% Straight Line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 10% Straight Line

2Intangible fixed assets

	£
Cost
At 1 June 2013	28,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	28,000
Amortisation
At 1 June 2013	28,000
Charge for the year	-
On disposals	-
At 31 May 2014	28,000
Net book values
At 31 May 2014	0
At 31 May 2013	0

3Tangible fixed assets

	£
Cost
At 1 June 2013	32,937
Additions	375
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	33,312
Depreciation
At 1 June 2013	8,922
Charge for the year	5,886
On disposals	-
At 31 May 2014	14,808
Net book values
At 31 May 2014	18,504
At 31 May 2013	24,015