P J Transport Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07653092 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

P J Transport Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P J Collins

SECRETARY:

REGISTERED OFFICE:

50 St.Marys Crescent

London

Barnet

NW4 4LH

REGISTERED NUMBER:

07653092 (England and Wales)

ACCOUNTANTS:

Daniel Gance & Co.

50 St.Mary's Crescent

Hendon

London

Barnet

NW4 4LH

FIXED ASSETS

Tangible assets

2

7,290

-

CURRENT ASSETS

Debtors

-

5,513

Cash at bank and in hand

17,014

3,466

17,014

8,979

CREDITORS

Amounts falling due within one year

11,277

21,520

NET CURRENT ASSETS/(LIABILITIES)

5,737

(12,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,027

(12,541

)

CREDITORS

Amounts falling due after more than one year

7,283

-

NET ASSETS/(LIABILITIES)

5,744

(12,541

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

5,644

(12,641

)

SHAREHOLDERS' FUNDS

5,744

(12,541

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 March 2015 and were signed by:

P J Collins - 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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

9,715

At 30 June 2014

9,715

DEPRECIATION

Charge for year

2,425

At 30 June 2014

2,425

NET BOOK VALUE

At 30 June 2014

7,290

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100