Abbreviated Company Accounts - P.R. METALS LIMITED

P.R. METALS LIMITED - Company Information

04735615 P.R. METALS LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 04735615 2014-03-01 2015-02-28 04735615 2015-02-28 04735615 2014-02-28 04735615 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 04735615 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 04735615

P.R. METALS LIMITED

Abbreviated Accounts

28 February 2015

P.R. METALS LIMITED Registered Number 04735615

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	29,986	40,095
		29,986	40,095
Current assets
Stocks		63,345	63,044
Debtors		714,472	701,513
Cash at bank and in hand		142,893	148,381
		920,710	912,938
Creditors: amounts falling due within one year		(215,528)	(235,573)
Net current assets (liabilities)		705,182	677,365
Total assets less current liabilities		735,168	717,460
Provisions for liabilities		(5,700)	(7,819)
Total net assets (liabilities)		729,468	709,641
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		729,268	709,441
Shareholders' funds		729,468	709,641

For the year ending 28 February 2015 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 May 2015

And signed on their behalf by:
P A Barnett, Director

P.R. METALS LIMITED Registered Number 04735615

Notes to the Abbreviated Accounts for the period ended 28 February 2015

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
The turnover shown in the profit and loss account represent amounts invoiced during the year exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows:

Plant & Machinery - 20% per annum reducing balance.
Fixtures & Fittings - 15% per annum reducing balance.
Motor Vehicles - 33.1/3% per annum straight line.

2Tangible fixed assets

	£
Cost
At 1 March 2014	62,122
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	62,122
Depreciation
At 1 March 2014	22,027
Charge for the year	10,109
On disposals	-
At 28 February 2015	32,136
Net book values
At 28 February 2015	29,986
At 28 February 2014	40,095

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

	2015 £	2014 £
200 Ordinary shares of £1 each	200	200