Professional Plant Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05264526 (England and Wales)

PROFESSIONAL PLANT SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1ST OCTOBER 2013 TO 30TH NOVEMBER 2014

Page

Company Information

1

Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTOR:

P Kiss

SECRETARY:

P Kiss

REGISTERED OFFICE:

Tylers Road

Roydon

Harlow

Essex

CM19 5LJ

REGISTERED NUMBER:

05264526 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Professional Plant Services Limited for the period ended

30th November 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the director of Professional Plant Services Limited in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial

statements of Professional Plant Services Limited and state those matters that we have agreed to state to

the director of Professional Plant Services Limited in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility

to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Professional Plant Services Limited has kept adequate accounting records and

to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial

position and loss of Professional Plant Services Limited. You consider that Professional Plant Services

Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Professional

Plant Services Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore, express

any opinion on the statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

30th March 2015

FIXED ASSETS

Tangible assets

2

429,875

603,828

CURRENT ASSETS

Stocks

45,827

-

Debtors

243,911

388,398

Cash at bank and in hand

156

209

289,894

388,607

CREDITORS

Amounts falling due within one year

(427,946

)

(557,753

)

NET CURRENT LIABILITIES

(138,052

)

(169,146

)

TOTAL ASSETS LESS CURRENT LIABILITIES

291,823

434,682

CREDITORS

Amounts falling due after more than one year

(202,026

)

(342,116

)

PROVISIONS FOR LIABILITIES

(18,471

)

(20,924

)

NET ASSETS

71,326

71,642

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

71,226

71,542

SHAREHOLDERS' FUNDS

71,326

71,642

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 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 6th March 2015 and were signed by:

P Kiss - 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 the total invoice value, excluding value added tax, trade discounts and all other

taxes of sales made during the year.

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.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

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

obsolete and slow moving items.

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

At 1st October 2013

811,601

Additions

8,333

Disposals

(10,500

)

Transfer to ownership

99,750

At 30th November 2014

909,184

DEPRECIATION

At 1st October 2013

207,773

Charge for period

182,286

Eliminated on disposal

(10,500

)

Transfer to ownership

99,750

At 30th November 2014

479,309

NET BOOK VALUE

At 30th November 2014

429,875

At 30th September 2013

603,828

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary £1

£1

100

100

4.	ULTIMATE PARENT COMPANY