Abbreviated Company Accounts - P H EXCAVATIONS LIMITED

Abbreviated Company Accounts - P H EXCAVATIONS LIMITED

P H EXCAVATIONS LIMITED - Company Information

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Registered Number 05445089

P H EXCAVATIONS LIMITED

Abbreviated Accounts

31 May 2014

P H EXCAVATIONS LIMITED Registered Number 05445089

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 10,599 12,988
10,599 12,988
Current assets
Stocks 4,650 47,824
Debtors 161,113 135,124
Cash at bank and in hand 5,297 78
171,060 183,026
Creditors: amounts falling due within one year (101,212) (81,564)
Net current assets (liabilities) 69,848 101,462
Total assets less current liabilities 80,447 114,450
Creditors: amounts falling due after more than one year (9,582) (22,582)
Provisions for liabilities - (1,911)
Total net assets (liabilities) 70,865 89,957
Capital and reserves
Called up share capital 1 1
Profit and loss account 70,864 89,956
Shareholders' funds 70,865 89,957
  • For the year ending 31 May 2014 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 21 December 2015

And signed on their behalf by:
Mr Paul John Horsley, Director

P H EXCAVATIONS LIMITED Registered Number 05445089

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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 represents, amounts chargeable, net of value added tax, in respect of the sale of goods & services to customers.

Tangible assets depreciation policy
Provision is made for depreciation on all tangible assets at rates calculated to write off the cost
or valuation, less estimated residual value, of each asset over its expected useful life using the
reducing balance method, as following rates :

Motor Vehicle 25% reducing balance
Plant & Machinery 15% reducing balance
Fixtures & Equipment 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2013 42,394
Additions 403
Disposals -
Revaluations -
Transfers -
At 31 May 2014 42,797
Depreciation
At 1 June 2013 29,406
Charge for the year 2,792
On disposals -
At 31 May 2014 32,198
Net book values
At 31 May 2014 10,599
At 31 May 2013 12,988