Abbreviated Company Accounts - PERRO TINTO LIMITED

Abbreviated Company Accounts - PERRO TINTO LIMITED

PERRO TINTO LIMITED - Company Information

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Registered Number 05541169

PERRO TINTO LIMITED

Abbreviated Accounts

31 August 2014

PERRO TINTO LIMITED Registered Number 05541169

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 3,185 5,354
3,185 5,354
Current assets
Debtors 242 7,937
Cash at bank and in hand 13,902 75,345
14,144 83,282
Creditors: amounts falling due within one year (17,226) (77,104)
Net current assets (liabilities) (3,082) 6,178
Total assets less current liabilities 103 11,532
Total net assets (liabilities) 103 11,532
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 3 11,432
Shareholders' funds 103 11,532
  • For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 July 2015

And signed on their behalf by:
M Fellows, Director

PERRO TINTO LIMITED Registered Number 05541169

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover
Turnover represents amounts invoiced, net of credits and net of value added tax, in respect of the sale of goods
and services to customers.

Tangible assets depreciation policy
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Fixture and fittings 20% straight line basis
Motor Vehicles 25% straight line basis

Other accounting policies
Deferred tax
Deferred tax is not recognised, without discounting, in respect of all timing differences between the treatment of
certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date,
except as required by the FRSSE.
Deferred tax would be measured at the rates that are expected to apply in the periods when the timing
differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the
lease term.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract
that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares
are issued, any component that creates a financial liability of the company is presented as a liability in the
balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in
the profit and loss account.

2Tangible fixed assets
£
Cost
At 1 September 2013 11,844
Additions 689
Disposals (804)
Revaluations -
Transfers -
At 31 August 2014 11,729
Depreciation
At 1 September 2013 6,490
Charge for the year 2,857
On disposals (803)
At 31 August 2014 8,544
Net book values
At 31 August 2014 3,185
At 31 August 2013 5,354
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
100 Ordinary shares of £1 each 100 100