P.R. Freddi Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03322424 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

P.R. FREDDI LIMITED

T/A

PRF BUILDING CONTRACTORS

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Bhikarry

REGISTERED OFFICE:

131 Copeland Road

Peckham

London

SE15 3SN

REGISTERED NUMBER:

03322424 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

BANKERS:

HSBC Bank plc

31 Euston Road

Camden

London

NW1 2ST

FIXED ASSETS

Tangible assets

2

28,318

33,819

CURRENT ASSETS

Stocks

-

835

Debtors

95,479

173,299

Cash at bank and in hand

94,026

568

189,505

174,702

CREDITORS

Amounts falling due within one year

184,518

206,887

NET CURRENT ASSETS/(LIABILITIES)

4,987

(32,185

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,305

1,634

CAPITAL AND RESERVES

Called up share capital

3

500

500

Capital redemption reserve

1,000

1,000

Profit and loss account

31,805

134

SHAREHOLDERS' FUNDS

33,305

1,634

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 July 2015 and were signed by:

R Bhikarry - 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 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

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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

131,735

Additions

3,938

At 31 October 2014

135,673

DEPRECIATION

At 1 November 2013

97,916

Charge for year

9,439

At 31 October 2014

107,355

NET BOOK VALUE

At 31 October 2014

28,318

At 31 October 2013

33,819

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

500

Ordinary B

£1

500

500