P & H Machinery Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05915650 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

P & H MACHINERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A D Habberfield

Mrs A K Habberfield

M M Priscott

SECRETARY:

Mrs A K Habberfield

REGISTERED OFFICE:

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

05915650 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Intangible assets

2

15,733

27,533

Tangible assets

3

5,410

6,365

21,143

33,898

CURRENT ASSETS

Stocks

155,995

175,895

Debtors

519,749

489,013

675,744

664,908

CREDITORS

Amounts falling due within one year

306,604

336,437

NET CURRENT ASSETS

369,140

328,471

TOTAL ASSETS LESS CURRENT LIABILITIES

390,283

362,369

CAPITAL AND RESERVES

Called up share capital

4

300

300

Profit and loss account

389,983

362,069

SHAREHOLDERS' FUNDS

390,283

362,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 September 2015 and were signed on its behalf by:

A D Habberfield - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

118,000

AMORTISATION

At 1 May 2014

90,467

Amortisation for year

11,800

At 30 April 2015

102,267

NET BOOK VALUE

At 30 April 2015

15,733

At 30 April 2014

27,533

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

8,045

DEPRECIATION

At 1 May 2014

1,680

Charge for year

955

At 30 April 2015

2,635

NET BOOK VALUE

At 30 April 2015

5,410

At 30 April 2014

6,365

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

Ordinary

£1

100

100

200

Ordinary "A" to "G" (7

Classes)

£1

200

200

300

300

There are 1,000 each of the Ordinary "A" to Ordinary "G" shares making up a total of 7,000.

The holders of all of these Ordinary "A" to "G" shares are not entitled to receive notice of, attend or vote at any

general meeting of the company.

On a winding up of the company; the capital paid up on the ordinary shares will be repaid first;then the capital

paid up on the Ordinary "A" to "G" shares will be repaid as if they were a single class of shares and finally any

residue will be divided amongst the holders of the ordinary shares.

Transfer of the Ordinary "A" to "G" shares is at the discretion of the directors.