BOB_PUNTON_LIFTING_COMPLI - Accounts

BOB PUNTON LIFTING COMPLIANCE LIMITED - Company Information

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Company Registration No. SC327870 (Scotland)

BOB PUNTON LIFTING COMPLIANCE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

BOB PUNTON LIFTING COMPLIANCE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BOB PUNTON LIFTING COMPLIANCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,405

231

Current assets

Debtors

1,262

Cash at bank and in hand

106,976

125,989

106,976

127,251

Creditors: amounts falling due within one year

(7,432)

(19,421)

Net current assets

99,544

107,830

Total assets less current liabilities

100,949

108,061

Capital and reserves

Called up share capital

Profit and loss account

100,929

108,041

Shareholders' funds

100,949

108,061

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 February 2015

Mr Robert Punton

Director

Company Registration No. SC327870

BOB PUNTON LIFTING COMPLIANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25%

Fixed assets

Tangible assets

Cost

At 1 October 2013

2,153

Additions

1,846

At 30 September 2014

3,999

Depreciation

At 1 October 2013

1,921

Charge for the year

673

At 30 September 2014

2,594

Net book value

At 30 September 2014

1,405

At 30 September 2013

231

Share capital

2014

2013

Allotted, called up and fully paid

20 Ordinary of £1 each

Related party relationships and transactions

BOB PUNTON LIFTING COMPLIANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Related party relationships and transactions

(Continued)

- 3 -

Loan from director

Transactions in relation to a loan from the director during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Robert Punton - Loan from Director

2,294

1,032

1,262

2,294

1,032

1,262