Liverpoolpc Limited - Period Ending 2013-11-30

Registration number: 02309888

Liverpoolpc Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

Stubbs Parkin Taylor & Co
Chartered Accountants
18a London Street
Southport
Merseyside
PR9 0UE

Liverpoolpc Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Liverpoolpc Limited
(Registration number: 02309888)
Abbreviated Balance Sheet at 30 November 2013

		Note			2013 £						2012 £
	£			£			£			£
Fixed assets
Tangible fixed assets								19,382						16,551
Current assets
Stocks					925						4,583
Debtors					8,617						3,736
Investments					50,000						50,000
Cash at bank and in hand					855						645
					60,397						58,964
Creditors: Amounts falling due within one year					(41,822)						(52,334)
Net current assets								18,575						6,630
Net assets								37,957						23,181
Capital and reserves
Called up share capital		3			55,000						55,000
Profit and loss account					(17,043)						(31,819)
Shareholders' funds								37,957						23,181

For the year ending 30 November 2013 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 28 August 2014 and signed on its behalf by:

.........................................
D Howells
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Liverpoolpc Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Plant and equipment	15% reducing balance basis
Motor vehicles	25% reducing balance basis

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Page 2

Liverpoolpc Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2012		27,003			27,003
Additions		6,252			6,252
At 30 November 2013		33,255			33,255
Depreciation
At 1 December 2012		10,452			10,452
Charge for the year		3,421			3,421
At 30 November 2013		13,873			13,873
Net book value
At 30 November 2013		19,382			19,382
At 30 November 2012		16,551			16,551

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		55,000			55,000			55,000			55,000

Page 3