Company Registration No. 07375575 (England and Wales)
PRECISE CLEANING (SOUTHERN) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
PRECISE CLEANING (SOUTHERN) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PRECISE CLEANING (SOUTHERN) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
600
700
Tangible assets
2
-
786
600
1,486
Current assets
Stocks
9,275
7,950
Debtors
31,958
17,264
Cash at bank and in hand
3,054
5,998
44,287
31,212
Creditors: amounts falling due within one year
(42,968)
(32,093)
Net current assets/(liabilities)
1,319
(881)
Total assets less current liabilities
1,919
605
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
1,819
505
Shareholders' funds
1,919
605
For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 November 2015
Mr P Masters
Director
Company Registration No. 07375575
PRECISE CLEANING (SOUTHERN) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Straight Line
Computer equipment
33% Straight Line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2014 & at 28 February 2015
1,000
3,257
4,257
Depreciation
At 1 March 2014
300
2,471
2,771
Charge for the year
100
786
886
At 28 February 2015
400
3,257
3,657
Net book value
At 28 February 2015
600
-
600
At 28 February 2014
700
786
1,486
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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