PM Houston Electrical Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC345817 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

PM HOUSTON ELECTRICAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms D S Nikolova

REGISTERED OFFICE:

6th Floor, Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC345817 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

2

4,008

5,344

CURRENT ASSETS

Debtors

32,896

39,186

Cash at bank

13,813

-

46,709

39,186

CREDITORS

Amounts falling due within one year

50,209

49,163

NET CURRENT LIABILITIES

(3,500

)

(9,977

)

TOTAL ASSETS LESS CURRENT LIABILITIES

508

(4,633

)

CREDITORS

Amounts falling due after more than one year

-

572

NET ASSETS/(LIABILITIES)

508

(5,205

)

CAPITAL AND RESERVES

Called up share capital

3

13

12

Profit and loss account

495

(5,217

)

SHAREHOLDERS' FUNDS

508

(5,205

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 27 April 2015 and were signed by:

Ms D S Nikolova - 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.

Motor vehicles

-

25% on a reducing balance basis

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

15,730

DEPRECIATION

At 1 August 2013

10,386

Charge for year

1,336

At 31 July 2014

11,722

NET BOOK VALUE

At 31 July 2014

4,008

At 31 July 2013

5,344

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary Shares

£1

10

10

3

A-J Ordinary Shares

£1

3

2

13

12

1 A-J Ordinary Shares share of £1 was allotted and fully paid for cash at par during the year.