Preben Jetski Limited - Limited company - abbreviated - 11.6

Preben Jetski Limited - Limited company - abbreviated - 11.6

PREBEN JETSKI LIMITED - Company Information

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REGISTERED NUMBER: 03774980 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2014

FOR

PREBEN JETSKI LIMITED

PREBEN JETSKI LIMITED (REGISTERED NUMBER: 03774980)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST OCTOBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PREBEN JETSKI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2014







DIRECTORS: P Eriksen
R M Eriksen





REGISTERED OFFICE: 65 Market Street
Hednesford
Staffordshire
WS12 1AD





REGISTERED NUMBER: 03774980 (England and Wales)
Page 1
PREBEN JETSKI LIMITED (REGISTERED NUMBER: 03774980)

ABBREVIATED BALANCE SHEET
31ST OCTOBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 16,251 18,201

CURRENT ASSETS
Stocks 9,150 7,625
Cash at bank 19,663 24,677
28,813 32,302
CREDITORS
Amounts falling due within one year 8,106 10,508
NET CURRENT ASSETS 20,707 21,794
TOTAL ASSETS LESS CURRENT
LIABILITIES
36,958
39,995

PROVISIONS FOR LIABILITIES 3,028 3,368
NET ASSETS 33,930 36,627

CAPITAL AND RESERVES
Called up share capital 3 4 4
Profit and loss account 33,926 36,623
SHAREHOLDERS' FUNDS 33,930 36,627

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 15th July 2015 and were signed on its behalf by:





P Eriksen - Director


The notes form part of these abbreviated accounts

Page 2
PREBEN JETSKI LIMITED (REGISTERED NUMBER: 03774980)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST OCTOBER 2014

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 etc - 25% on reducing balance and 10% 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 1st November 2013
and 31st October 2014 51,204
DEPRECIATION
At 1st November 2013 33,003
Charge for year 1,950
At 31st October 2014 34,953
NET BOOK VALUE
At 31st October 2014 16,251
At 31st October 2013 18,201

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
4 Ordinary £1 4 4

Page 3