Power Handling Limited - Limited company - abbreviated

REGISTERED NUMBER: 05220583 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Power Handling Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Broadfoot

SECRETARY:

Mrs J Broadfoot

REGISTERED OFFICE:

Unit 10

Eaton Business Park

Eton Hill Road

Radcliffe

Manchester

M26 2ZS

REGISTERED NUMBER:

05220583 (England and Wales)

ACCOUNTANTS:

DonnellyBentley Limited

Chartered Accountants

Hazlemere

70 Chorley New Road

Bolton

Lancashire

BL1 4BY

BANKERS:

National Westminster Bank Plc

FIXED ASSETS

Tangible assets

2

5,794

6,640

CURRENT ASSETS

Stocks

17,013

17,156

Debtors

43,755

19,146

Cash at bank

11,135

21,768

71,903

58,070

CREDITORS

Amounts falling due within one year

19,602

15,921

NET CURRENT ASSETS

52,301

42,149

TOTAL ASSETS LESS CURRENT
LIABILITIES

58,095

48,789

PROVISIONS FOR LIABILITIES

1,159

1,328

NET ASSETS

56,936

47,461

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

56,836

47,361

SHAREHOLDERS' FUNDS

56,936

47,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 4 June 2015 and were signed by:

P Broadfoot - 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 the total invoice vale, excluding value added tax, of work done during the year and

derives from the provision of goods and services falling within the company's ordinary activities.

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

-

33% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

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, that will result in an obligation to pay more (or less) tax at a future date.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where

there is no commitment to sell the asset.

Deferred tax is measured on an undiscounted basis at tax rates that are expected to apply when the

timing differences reverse.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

20,165

Additions

1,164

Disposals

(1,352

)

At 30 September 2014

19,977

DEPRECIATION

At 1 October 2013

13,525

Charge for year

2,010

Eliminated on disposal

(1,352

)

At 30 September 2014

14,183

NET BOOK VALUE

At 30 September 2014

5,794

At 30 September 2013

6,640

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2014

and 30 September 2013:

30.9.14

30.9.13

£

P Broadfoot

Balance outstanding at start of year

-

Amounts advanced

9,423

-

Amounts repaid

-

Balance outstanding at end of year

9,423

-

Power Handling Limited - Limited company - abbreviated - 11.6

Power Handling Limited - Limited company - abbreviated - 11.6