PSK Knighton Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03019350 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2014

FOR

PSK KNIGHTON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N A Knighton

Mrs S Knighton

REGISTERED OFFICE:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

Norfolk

PE31 6HH

REGISTERED NUMBER:

03019350 (England and Wales)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

BANKERS:

Coutts and Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Tangible assets

2

18,300

17,161

CURRENT ASSETS

Stocks

-

61,463

Debtors

415,963

380,494

Cash at bank

663,480

59,692

1,079,443

501,649

CREDITORS

Amounts falling due within one year

498,170

376,265

NET CURRENT ASSETS

581,273

125,384

TOTAL ASSETS LESS CURRENT LIABILITIES

599,573

142,545

PROVISIONS FOR LIABILITIES

3,660

-

NET ASSETS

595,913

142,545

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

595,813

142,445

SHAREHOLDERS' FUNDS

595,913

142,545

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2015 and were signed on its behalf by:

N A Knighton - 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 services, 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.

Office Furniture

-

25% on reducing balance

Office Equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

62,510

Additions

6,285

At 31 August 2014

68,795

DEPRECIATION

At 1 September 2013

45,349

Charge for year

5,146

At 31 August 2014

50,495

NET BOOK VALUE

At 31 August 2014

18,300

At 31 August 2013

17,161

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

100

Ordinary Shares

£1

100

100