Abbreviated Company Accounts - PIB INVESTMENTS LTD

TGM CONTRACTORS LIMITED - Company Information

Registered Number 07803770

PIB INVESTMENTS LTD

Abbreviated Accounts

31 October 2013

PIB INVESTMENTS LTD Registered Number 07803770

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	4,804	3,290
		4,804	3,290
Current assets
Debtors		28,140	29,307
Cash at bank and in hand		4,055	5,686
		32,195	34,993
Creditors: amounts falling due within one year		(6,325)	(7,763)
Net current assets (liabilities)		25,870	27,230
Total assets less current liabilities		30,674	30,520
Creditors: amounts falling due after more than one year		(30,100)	(30,100)
Total net assets (liabilities)		574	420
Capital and reserves
Called up share capital		100	100
Profit and loss account		474	320
Shareholders' funds		574	420

For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 18 July 2014

And signed on their behalf by:
MR S McCULLAGH, Director

PIB INVESTMENTS LTD Registered Number 07803770

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 20% Reducing Balance Method

2Tangible fixed assets

	£
Cost
At 1 November 2012	4,113
Additions	2,715
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	6,828
Depreciation
At 1 November 2012	823
Charge for the year	1,201
On disposals	-
At 31 October 2013	2,024
Net book values
At 31 October 2013	4,804
At 31 October 2012	3,290