Pollution Monitors Limited - Period Ending 2014-12-31

Registration number: 01979565

Pollution Monitors Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Accentis
28-30 High Street
Guildford
GU1 3EL

Pollution Monitors Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pollution Monitors Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pollution Monitors Limited for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Pollution Monitors Limited, as a body, in accordance with the terms of our engagement letterdated 6 May 2015. Our work has been undertaken solely to prepare for your approval the accounts of Pollution Monitors Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pollution Monitors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pollution Monitors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pollution Monitors Limited. You consider that Pollution Monitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Pollution Monitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Accentis
28-30 High Street
Guildford
GU1 3EL

20 July 2015

Page 1

Pollution Monitors Limited
(Registration number: 01979565)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					16,255			10,976
Current assets
Stocks					43,917			41,324
Debtors					127,236			164,319
Cash at bank and in hand					133,316			102,230
					304,469			307,873
Creditors: Amounts falling due within one year					(146,057)			(151,772)
Net current assets					158,412			156,101
Total assets less current liabilities					174,667			167,077
Provisions for liabilities					(2,112)			-
Net assets					172,555			167,077
Capital and reserves
Called up share capital		3			300			300
Share premium account					200			200
Profit and loss account					172,055			166,577
Shareholders' funds					172,555			167,077

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 20 July 2015 and signed on its behalf by:

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Pollution Monitors Limited
(Registration number: 01979565)
Abbreviated Balance Sheet at 31 December 2014
......... continued

.........................................
Mr Peter Holbrow
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Pollution Monitors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... 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 machinery	25% on cost
Fixtures and fittings	Straight line over 7 years
Motor vehicles	25% on cost
Computer equipment	Straight line over 3 years

Research and development

Research and development expenditure is written off as incurred.

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.

Deferred tax

Deferred tax is 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 is 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.

Page 4

Pollution Monitors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		44,828			44,828
Additions		11,575			11,575
At 31 December 2014		56,403			56,403
Depreciation
At 1 January 2014		33,852			33,852
Charge for the year		6,296			6,296
At 31 December 2014		40,148			40,148
Net book value
At 31 December 2014		16,255			16,255
At 31 December 2013		10,976			10,976

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		200			200			200			200
Class A non-voting shares of £1 each		100			100			100			100

Page 5

Pollution Monitors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

300

300

300

300

4

Control

The company is controlled by the directors by virtue of their shareholding in Pollmon Group Holdings Limited. The ultimate controlling party is Pollmon Group Holdings Limited.

Page 6