Abbreviated Company Accounts - PRB ESTATES LIMITED

PRB ESTATES LIMITED - Company Information

04115370 PRB ESTATES LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 04115370 2014-01-01 2014-12-31 04115370 2014-12-31 04115370 2013-12-31 04115370 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 04115370 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 04115370

PRB ESTATES LIMITED

Abbreviated Accounts

31 December 2014

PRB ESTATES LIMITED Registered Number 04115370

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	78,032	55,145
		78,032	55,145
Current assets
Stocks		131,604	203,641
Debtors		162,095	153,098
Cash at bank and in hand		737,474	356,232
		1,031,173	712,971
Creditors: amounts falling due within one year		(891,433)	(838,073)
Net current assets (liabilities)		139,740	(125,102)
Total assets less current liabilities		217,772	(69,957)
Provisions for liabilities		(14,807)	(10,054)
Total net assets (liabilities)		202,965	(80,011)
Capital and reserves
Called up share capital	3	49	49
Profit and loss account		202,916	(80,060)
Shareholders' funds		202,965	(80,011)

For the year ending 31 December 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 29 July 2015

And signed on their behalf by:
Stuart Thomas, Director

PRB ESTATES LIMITED Registered Number 04115370

Notes to the Abbreviated Accounts for the period ended 31 December 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on Reducing Balance
Motor vehicles - 25% on Reducing Balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 January 2014	85,846
Additions	61,584
Disposals	(4,804)
Revaluations	-
Transfers	-
At 31 December 2014	142,626
Depreciation
At 1 January 2014	30,701
Charge for the year	37,557
On disposals	(3,664)
At 31 December 2014	64,594
Net book values
At 31 December 2014	78,032
At 31 December 2013	55,145

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
49 Ordinary shares of £1 each	49	49