Precision Building Maintenance Limited - Period Ending 2016-03-31

Registration number: 06547092

Precision Building Maintenance Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

E J Business Consultants Limited
The Rectory
1 Toomers Wharf
Newbury
Berkshire
RG14 1DY

Precision Building Maintenance Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Precision Building Maintenance Limited
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Precision Building Maintenance Limited for the year ended 31 March 2015 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 Precision Building Maintenance Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Precision Building Maintenance 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 Precision Building Maintenance Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Precision Building Maintenance 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 Precision Building Maintenance Limited. You consider that Precision Building Maintenance 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 Precision Building Maintenance 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.

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

E J Business Consultants Limited
The Rectory
1 Toomers Wharf
Newbury
Berkshire
RG14 1DY

28 May 2015

Page 1

Precision Building Maintenance Limited
(Registration number: 06547092)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					11,424			14,961
Current assets
Debtors					455			10,269
Cash at bank and in hand					49,678			44,394
					50,133			54,663
Creditors: Amounts falling due within one year					(35,308)			(42,423)
Net current assets					14,825			12,240
Net assets					26,249			27,201
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					26,149			27,101
Shareholders' funds					26,249			27,201

For the year ending 31 March 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 director acknowledges his 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 director on 28 May 2015

.........................................
Mr A Townsend
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Precision Building Maintenance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... 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 calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life asset as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% on cost
Equipment	33% on cost

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		20,305			20,305
Additions		487			487
At 31 March 2015		20,792			20,792
Depreciation
At 1 April 2014		5,344			5,344
Charge for the year		4,024			4,024
At 31 March 2015		9,368			9,368
Net book value
At 31 March 2015		11,424			11,424
At 31 March 2014		14,961			14,961

Page 3

Precision Building Maintenance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4