Abbreviated Company Accounts - POWERSOURCE ASSOCIATES LIMITED

Abbreviated Company Accounts - POWERSOURCE ASSOCIATES LIMITED

POWERSOURCE ASSOCIATES LIMITED - Company Information

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Registered Number 04501969

POWERSOURCE ASSOCIATES LIMITED

Abbreviated Accounts

25 August 2014

POWERSOURCE ASSOCIATES LIMITED Registered Number 04501969

Abbreviated Balance Sheet as at 25 August 2014

Notes 2014 2013
£ £
Called up share capital not paid 1 1
Fixed assets
Tangible assets 2 1,800,235 1,275,235
1,800,235 1,275,235
Creditors: amounts falling due within one year (802,000) (701,671)
Net current assets (liabilities) (802,000) (701,671)
Total assets less current liabilities 998,236 573,565
Creditors: amounts falling due after more than one year (68,000) (68,000)
Total net assets (liabilities) 930,236 505,565
Capital and reserves
Called up share capital 1 1
Profit and loss account 930,235 505,564
Shareholders' funds 930,236 505,565
  • For the year ending 25 August 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 12 August 2015

And signed on their behalf by:
Mr. Meyer Gertner, Director

POWERSOURCE ASSOCIATES LIMITED Registered Number 04501969

Notes to the Abbreviated Accounts for the period ended 25 August 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.

2Tangible fixed assets
£
Cost
At 27 August 2013 1,275,235
Additions -
Disposals -
Revaluations 525,000
Transfers -
At 25 August 2014 1,800,235
Depreciation
At 27 August 2013 -
Charge for the year -
On disposals -
At 25 August 2014 -
Net book values
At 25 August 2014 1,800,235
At 26 August 2013 1,275,235