Pratleys Carpenters Ltd - Period Ending 2015-03-31

Registration number: 08948221

Pratleys Carpenters Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Opus Accounting Ltd
2b The Votec Centre
Hambridge Lane
Newbury
Berkshire
RG14 5TN

Pratleys Carpenters Ltd
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
Pratleys Carpenters Ltd
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 Pratleys Carpenters Ltd 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Pratleys Carpenters Ltd, as a body, in accordance with the terms of our engagement letter dated 7 April 2014 . Our work has been undertaken solely to prepare for your approval the accounts of Pratleys Carpenters Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pratleys Carpenters Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pratleys Carpenters Ltd 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 Pratleys Carpenters Ltd. You consider that Pratleys Carpenters Ltd 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 Pratleys Carpenters Ltd. 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.

 
 
 
 
  Opus Accounting Ltd
  2b The Votec Centre
  Hambridge Lane
  Newbury
  Berkshire
  RG14 5TN

16 December 2015

Page 1

Pratleys Carpenters Ltd
(Registration number: 08948221)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £
Fixed assets
Tangible fixed assets					10,224
Current assets
Debtors					26,554
Cash at bank and in hand					14,637
					41,191
Creditors: Amounts falling due within one year					(44,087)
Net current liabilities					(2,896)
Total assets less current liabilities					7,328
Provisions for liabilities					(2,045)
Net assets					5,283
Capital and reserves
Called up share capital		3			150
Profit and loss account					5,133
Shareholders' funds					5,283

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 16 December 2015

 S J Pratley
 Director

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

Pratleys Carpenters Ltd
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 provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Reducing balance
Motor Vehicles	25% Reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Page 3

Pratleys Carpenters Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		13,633			13,633
At 31 March 2015		13,633			13,633
Depreciation
Charge for the year		3,409			3,409
At 31 March 2015		3,409			3,409
Net book value
At 31 March 2015		10,224			10,224

3	Share capital

Allotted, called up and fully paid shares

	2015
		No.			£
Ordinary of £1 of £1 each		100			100
Ordianry A of £ of £1 each		50			50
		150			150

New shares allotted

During the year 100 Oridnary of £1 each having an aggregate nominal value of £100 were allotted for an aggregate consideration of £nil.

During the year 50 Ordinary A of £1 each having an aggregate nominal value of £50 were allotted for an aggregate consideration of £nil.

Page 4