P3 Engineering Limited - Abbreviated accounts

Registered number

08725112

P3 Engineering Limited

Abbreviated Accounts

31 October 2014

P3 Engineering Limited
Registered number:		08725112
Abbreviated Balance Sheet
as at 31 October 2014

Notes			2014
£
Fixed assets
Tangible assets	2		14,441

Current assets
Stocks		500
Debtors		5,498
Cash at bank and in hand		12,292
		18,290

Creditors: amounts falling due within one year		(15,310)

Net current assets			2,980

Total assets less current liabilities			17,421


Provisions for liabilities			(2,888)


Net assets			14,533

Capital and reserves
Called up share capital	3		100
Profit and loss account			14,433

Shareholders' funds			14,533

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



D M Richardson
Director
Approved by the board on 23 June 2015

P3 Engineering Limited
Notes to the Abbreviated Accounts
for the period ended 31 October 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	Additions					19,255
	At 31 October 2014					19,255

	Depreciation
	Charge for the period					4,814
	At 31 October 2014					4,814

	Net book value
	At 31 October 2014					14,441


3	Share capital	Nominal		2014		2014
value			Number		£
	Allotted, called up and fully paid:
	A Ordinary shares	£1 each		50		50
	B Ordinary shares	£1 each		50		50
						100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	A Ordinary shares	£1 each		50		50
	B Ordinary shares	£1 each		50		50
						100