PECM SYSTEMS LTD - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07748911 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2014

FOR

PECM SYSTEMS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

MRS O DUFFIELD

SECRETARY:

REGISTERED OFFICE:

36-40 DONCASTER ROAD

BARNSLEY

SOUTH YORKSHIRE

S70 1TL

REGISTERED NUMBER:

07748911 (England and Wales)

ACCOUNTANTS:

SEAMAN HERBERT & CO

36 - 40 DONCASTER ROAD

BARNSLEY

SOUTH YORKSHIRE

S701TL

FIXED ASSETS

Tangible assets

2

17,697

19,646

CURRENT ASSETS

Stocks

49,583

24,000

Debtors

39,734

6,887

Cash in hand

-

118

89,317

31,005

CREDITORS

Amounts falling due within one year

97,244

43,921

NET CURRENT LIABILITIES

(7,927

)

(12,916

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,770

6,730

PROVISIONS FOR LIABILITIES

3,539

3,929

NET ASSETS

6,231

2,801

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

6,131

2,701

SHAREHOLDERS' FUNDS

6,231

2,801

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 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 20 May 2015 and were signed by:

MRS O DUFFIELD - 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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

23,353

Additions

466

At 31 August 2014

23,819

DEPRECIATION

At 1 September 2013

3,707

Charge for year

2,415

At 31 August 2014

6,122

NET BOOK VALUE

At 31 August 2014

17,697

At 31 August 2013

19,646

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

ORDINARY

£1

100

100