Prodeck-Fixing Limited - Limited company - abbreviated

REGISTERED NUMBER: 04881739 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2014

FOR

PRODECK-FIXING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J H Fisher

Mrs D L Fisher

SECRETARY:

M J King

REGISTERED OFFICE:

Whitehouse

The Causeway

Mark

Somerset

TA9 4QS

REGISTERED NUMBER:

04881739 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

2

45,500

49,000

Tangible assets

3

62,352

70,395

107,852

119,395

CURRENT ASSETS

Stocks

149,037

117,452

Debtors

623,917

1,242,533

Cash at bank

500

2,702

773,454

1,362,687

CREDITORS

Amounts falling due within one year

4

(839,891

)

(1,268,198

)

NET CURRENT (LIABILITIES)/ASSETS

(66,437

)

94,489

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,415

213,884

CREDITORS

Amounts falling due after more than one
year

4

(82,541

)

(86,129

)

PROVISIONS FOR LIABILITIES

-

(6,337

)

NET (LIABILITIES)/ASSETS

(41,126

)

121,418

CAPITAL AND RESERVES

Called up share capital

5

15,100

Profit and loss account

(56,226

)

106,318

SHAREHOLDERS' FUNDS

(41,126

)

121,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 12th February 2015 and were signed on its behalf
by:

J H Fisher - 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

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

life or, if held under finance lease, over the lease term, whichever is shorter.

Improvements to property

-

Straight line over 20 years

Plant and machinery

-

25% on reducing balance

Fixtures and site office

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

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

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2013

and 31st May 2014

70,000

AMORTISATION

At 1st June 2013

21,000

Amortisation for year

3,500

At 31st May 2014

24,500

NET BOOK VALUE

At 31st May 2014

45,500

At 31st May 2013

49,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2013

231,409

Additions

8,135

Disposals

(20,986

)

At 31st May 2014

218,558

DEPRECIATION

At 1st June 2013

161,014

Charge for year

14,356

Eliminated on disposal

(19,164

)

At 31st May 2014

156,206

NET BOOK VALUE

At 31st May 2014

62,352

At 31st May 2013

70,395

4.

CREDITORS

Creditors include an amount of £ 428,492 (31/5/13 - £ 750,632 ) for which security has been given.

They also include the following debts falling due in more than five years:

31/5/14

31/5/13

£

Repayable by instalments

66,536

70,761

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/14

31/5/13

value:

£

100

Ordinary

£1

100

15,000

Preference

£1

15,000

15,100

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by J H Fisher and Mrs D L Fisher.

Prodeck-Fixing Limited - Limited company - abbreviated - 11.6

Prodeck-Fixing Limited - Limited company - abbreviated - 11.6