Abbreviated Company Accounts - PS CONSTRUCTION LIMITED

PS CONSTRUCTION LIMITED - Company Information

Registered Number 06144386

PS CONSTRUCTION LIMITED

Abbreviated Accounts

31 March 2015

PS CONSTRUCTION LIMITED Registered Number 06144386

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	39,650	15,663
Investments		-	-
		39,650	15,663
Current assets
Stocks		12,000	12,000
Debtors		154,819	62,730
Investments		-	-
Cash at bank and in hand		50,058	10,868
		216,877	85,598
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(81,568)	(31,970)
Net current assets (liabilities)		135,309	53,628
Total assets less current liabilities		174,959	69,291
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		174,959	69,291
Capital and reserves
Called up share capital		1	1
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		174,958	69,290
Shareholders' funds		174,959	69,291

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 29 December 2015

And signed on their behalf by:
P Smith, Director

PS CONSTRUCTION LIMITED Registered Number 06144386

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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% reducing balance
Fixtures, fittings
and equipment - 20% reducing balance
Motor vehicles - 20% reducing balance

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value

2Tangible fixed assets

	£
Cost
At 1 April 2014	48,486
Additions	33,899
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2015	82,385
Depreciation
At 1 April 2014	32,823
Charge for the year	9,912
On disposals	0
At 31 March 2015	42,735
Net book values
At 31 March 2015	39,650
At 31 March 2014	15,663