P R Tools Ltd - Limited company - abbreviated - 11.9

P R Tools Ltd - Limited company - abbreviated - 11.9

P R TOOLS LTD - Company Information

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REGISTERED NUMBER: 08988540 (England and Wales)










Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

for

P R Tools Ltd

P R Tools Ltd (Registered number: 08988540)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

P R Tools Ltd

Company Information
for the Year Ended 30 April 2015







DIRECTOR: P Rogers





SECRETARY:





REGISTERED OFFICE: Office 12,
The Bentalls Centre
Colchester Rd, Heybridge
Maldon
Essex
CM9 4GD





REGISTERED NUMBER: 08988540 (England and Wales)





ACCOUNTANTS: Accounting Plus UK Ltd
Office 12
The Bentalls Centre
Colchester Road, Heybridge
Maldon
Essex
CM9 4GD
Page 1
P R Tools Ltd (Registered number: 08988540)

Abbreviated Balance Sheet
30 April 2015

Notes £    £   
FIXED ASSETS
Intangible assets 2 28,000
Tangible assets 3 18,119
46,119

CURRENT ASSETS
Stocks 34,417
Debtors 37,463
Cash at bank and in hand 20,372
92,252
CREDITORS
Amounts falling due within one year 42,002
NET CURRENT ASSETS 50,250
TOTAL ASSETS LESS CURRENT
LIABILITIES
96,369

CREDITORS
Amounts falling due after more than one
year
88,415
NET ASSETS 7,954

CAPITAL AND RESERVES
Called up share capital 4 100
Profit and loss account 7,854
SHAREHOLDERS' FUNDS 7,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
P R Tools Ltd (Registered number: 08988540)

Abbreviated Balance Sheet - continued
30 April 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 26 November 2015 and were signed by:





P Rogers - Director


The notes form part of these abbreviated accounts

Page 3
P R Tools Ltd (Registered number: 08988540)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 35,000
At 30 April 2015 35,000
AMORTISATION
Amortisation for year 7,000
At 30 April 2015 7,000
NET BOOK VALUE

At 30 April 2015 28,000

Page 4 continued...
P R Tools Ltd (Registered number: 08988540)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 24,424
At 30 April 2015 24,424
DEPRECIATION
Charge for year 6,305
At 30 April 2015 6,305
NET BOOK VALUE
At 30 April 2015 18,119

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Directors salary 2015 £7,956
Director capital Introduced 2015 Cr £70,914
Directors Dividends 2015 £15,263

Page 5