Abbreviated Company Accounts - PRECISION DRIVERS LIMITED

PRECISION DRIVERS LIMITED - Company Information

Registered Number 07906402

PRECISION DRIVERS LIMITED

Abbreviated Accounts

31 January 2015

PRECISION DRIVERS LIMITED Registered Number 07906402

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	817	581
		817	581
Current assets
Debtors		10,970	2,940
Cash at bank and in hand		4,289	6,774
		15,259	9,714
Creditors: amounts falling due within one year		(15,960)	(10,182)
Net current assets (liabilities)		(701)	(468)
Total assets less current liabilities		116	113
Total net assets (liabilities)		116	113
Capital and reserves
Called up share capital		100	100
Profit and loss account		16	13
Shareholders' funds		116	113

For the year ending 31 January 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 29 October 2015

And signed on their behalf by:
A D'Cruze, Director

PRECISION DRIVERS LIMITED Registered Number 07906402

Notes to the Abbreviated Accounts for the period ended 31 January 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.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life.

Equipment -25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 February 2014	1,002
Additions	508
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	1,510
Depreciation
At 1 February 2014	421
Charge for the year	272
On disposals	-
At 31 January 2015	693
Net book values
At 31 January 2015	817
At 31 January 2014	581