Paul Ray Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04475491 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

PAUL RAY CONSTRUCTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Ray

Mrs C Ray

SECRETARY:

Mrs C Ray

REGISTERED OFFICE:

Raywood Barn

Back Street

Leeds

Maidstone

Kent

ME17 1TF

REGISTERED NUMBER:

04475491 (England and Wales)

ACCOUNTANTS:

Radford Morris

The Apple Barn

Langley Park

Sutton Road

Maidstone

Kent

ME17 3NQ

FIXED ASSETS

Tangible assets

2

259,673

256,630

CURRENT ASSETS

Stocks

14,525

11,400

Debtors

46,609

48,953

Cash at bank

11,243

11,895

72,377

72,248

CREDITORS

Amounts falling due within one year

225,872

230,043

NET CURRENT LIABILITIES

(153,495

)

(157,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

106,178

98,835

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

106,078

98,735

SHAREHOLDERS' FUNDS

106,178

98,835

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 directors acknowledge their 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 Board of Directors on 28 April 2015 and were signed on its behalf by:

P Ray - Director

Mrs C Ray - 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

The companies turnover arises from goods and services provided in the construction industry to customers, net of VAT.

The company also receives rental income from residential property.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

10% on cost

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

287,895

Additions

21,268

At 31 July 2014

309,163

DEPRECIATION

At 1 August 2013

31,265

Charge for year

18,225

At 31 July 2014

49,490

NET BOOK VALUE

At 31 July 2014

259,673

At 31 July 2013

256,630

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100