Abbreviated Company Accounts - PP REFURBISHMENTS LIMITED

Abbreviated Company Accounts - PP REFURBISHMENTS LIMITED

PP REFURBISHMENTS LIMITED - Company Information

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Registered Number 06813408

PP REFURBISHMENTS LIMITED

Abbreviated Accounts

31 March 2015

PP REFURBISHMENTS LIMITED Registered Number 06813408

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 9,958 7,638
9,958 7,638
Current assets
Stocks 7,250 7,250
Debtors 34,490 47,644
41,740 54,894
Creditors: amounts falling due within one year (51,645) (62,561)
Net current assets (liabilities) (9,905) (7,667)
Total assets less current liabilities 53 (29)
Total net assets (liabilities) 53 (29)
Capital and reserves
Called up share capital 100 100
Profit and loss account (47) (129)
Shareholders' funds 53 (29)
  • 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 directors acknowledge their 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 Board on 23 December 2015

And signed on their behalf by:
Mr. P. Wood, Director

PP REFURBISHMENTS LIMITED Registered Number 06813408

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 20% straight line
Equipment - 15% straight line

2Tangible fixed assets
£
Cost
At 1 April 2014 22,397
Additions 5,800
Disposals -
Revaluations -
Transfers -
At 31 March 2015 28,197
Depreciation
At 1 April 2014 14,759
Charge for the year 3,480
On disposals -
At 31 March 2015 18,239
Net book values
At 31 March 2015 9,958
At 31 March 2014 7,638