PCC Office Supplies Limited,Ltd - Accounts

PCC Office Supplies Limited,Ltd - Accounts

PCC OFFICE SUPPLIES LIMITED - Company Information

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2012-10-23 true false Private Limited Company 05845111 2013-10-22 05845111 2012-10-23 2013-10-22 05845111 2012-10-22 05845111 2011-10-23 2012-10-22 05845111 uk-bus:Director1 2012-10-23 2013-10-22 05845111 uk-gaap:AfterOneYear 2012-10-22 05845111 uk-bus:OrdinaryShareClass1 2013-10-22 iso4217:GBP
PCC Office Supplies Limited
For the year ended 22 October 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05845111
2
Contents Page
PCC Office Supplies Limited
For the year ended 22 October 2013
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
PCC Office Supplies Limited
As at 22 October 2013
05845111
Registered Number :
£
£
2013
Notes
2012
Fixed assets
Intangible assets
2
10,000
12,000
10,000
12,000
Current assets
Stocks
13,411
23,203
Debtors
4,743
8,458
Cash at bank and in hand
60
20
31,721
18,174
Creditors: amounts falling due within one year
(54,288)
(12,064)
(36,114)
19,657
Net current assets
Total assets less current liabilities
29,657
(24,114)
Creditors: amounts falling due after more than one year
3
-
(63,182)
(33,525)
Net liabilities
(24,114)
Capital and reserves
Called up share capital
2
4
2
Profit and loss account
(33,527)
(24,116)
(33,525)
(24,114)
Shareholders funds
For the year ended 22 October 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) 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.
Date approved by the board: 18 July 2014
Mr R Oxborough Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
PCC Office Supplies Limited
For the year ended 22 October 2013
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 10 years.
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 23 October 2012
20,000
20,000
At 22 October 2013
Amortisation
8,000
At 23 October 2012
2,000
Charge for year
10,000
At 22 October 2013
10,000
Net Book Values
At 22 October 2013
12,000
At 22 October 2012
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5
Notes to the Abbreviated Financial Statements
PCC Office Supplies Limited
For the year ended 22 October 2013
2012
2013
3 Creditors due after more than one year
£
£
8,855
-
Bank loans and overdraft
4 Share capital
Allotted called up and fully paid
2013
2012
£
£
2 Class A shares of £1.00 each
2
2
2
2
5 Loans to Directors
The loans from the directors have no fixed repayment terms. The directors have agreed that repayment will only be made when the company's cash flow can support any such repayments.
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