P_D_REES_LIMITED - Accounts

P D REES LIMITED - Company Information

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Company Registration No. 04671842 (England and Wales)

P D REES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

P D REES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

P D REES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

24,000

27,000

Tangible assets

14,640

14,995

38,640

41,995

Current assets

Stocks

23,642

22,516

Debtors

4,495

5,873

Cash at bank and in hand

571

28,223

28,960

Creditors: amounts falling due within one year

(63,577)

(63,410)

Net current liabilities

(35,354)

(34,450)

Total assets less current liabilities

3,286

7,545

Provisions for liabilities

(2,928)

(2,998)

358

4,547

Capital and reserves

Called up share capital

100

Profit and loss account

258

4,447

Shareholders' funds

358

4,547

P D REES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 22 December 2015

Mr P Rees

Director

Company Registration No. 04671842

P D REES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

60,000

80,015

140,015

Additions

4,527

At 31 March 2015

60,000

84,542

144,542

Depreciation

At 1 April 2014

33,000

65,021

98,021

Charge for the year

3,000

4,881

7,881

At 31 March 2015

36,000

69,902

105,902

Net book value

At 31 March 2015

24,000

14,640

38,640

At 31 March 2014

27,000

14,995

41,995

P D REES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Control

The ultimate controlling parties are the directors, Mr P Rees and Mrs S Rees, by virtue of their shareholding.

Related party relationships and transactions

Other transactions

Included in other creditors is an amount of £5,010 (2014: £2,068), representing amounts due to the director, Mr P Rees and £5,010 (2014: £2,068) representing amounts due to the director Mrs S Rees at the year end. These amounts are interest free and repayable on demand.