Paulmark Ventilation Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02786248 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

Paulmark Ventilation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

R L Steines

A Stocker

SECRETARY:

R L Steines

REGISTERED OFFICE:

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

REGISTERED NUMBER:

02786248 (England and Wales)

ACCOUNTANTS:

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

FIXED ASSETS

Intangible assets

2

-

6,400

Tangible assets

3

9,022

4,220

9,022

10,620

CURRENT ASSETS

Debtors

85,335

100,005

Cash at bank

29,977

7,523

115,312

107,528

CREDITORS

Amounts falling due within one year

113,752

96,045

NET CURRENT ASSETS

1,560

11,483

TOTAL ASSETS LESS CURRENT LIABILITIES

10,582

22,103

PROVISIONS FOR LIABILITIES

1,804

476

NET ASSETS

8,778

21,627

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

8,678

21,527

SHAREHOLDERS' FUNDS

8,778

21,627

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 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 24 June 2015 and were signed on its behalf by:

R L Steines - 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 value of services provided under contracts to the extent that there is a right

to consideration and is recorded at the value of the consideration due. Where a contract has only

been partially completed at the balance sheet date turnover represents the value of the service

provided to date based on a proportion of the total expected consideration at completion. Where

payments are received from customers in advance of services provided, the amounts are recorded

as deferred income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred taxation is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date where transactions or events have occurred at that date that will

result in an obligation to pay more, or right to pay less or to receive more, tax, with the following

exceptions:

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of

all evidence, it can be regarded as likely that there will be suitable taxable profits from which the

future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a undiscounted basis, at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

64,000

AMORTISATION

At 1 October 2013

57,600

Amortisation for year

6,400

At 30 September 2014

64,000

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

6,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

17,298

Additions

9,712

Disposals

(2,350

)

At 30 September 2014

24,660

DEPRECIATION

At 1 October 2013

13,078

Charge for year

3,246

Eliminated on disposal

(686

)

At 30 September 2014

15,638

NET BOOK VALUE

At 30 September 2014

9,022

At 30 September 2013

4,220

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Paulmark Ventilation Limited for the year ended 30 September 2014

which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Paulmark Ventilation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paulmark Ventilation Limited and state those matters that we have agreed to state to the Board of Directors of Paulmark Ventilation Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Paulmark Ventilation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paulmark Ventilation Limited. You consider that Paulmark Ventilation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paulmark

Ventilation Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any

opinion on the statutory financial statements.

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

30 June 2015