P._S._TIBBETT_LIMITED - Accounts

P.S. TIBBETT LIMITED - Company Information

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Company Registration No. 04849413 (England and Wales)

P. S. TIBBETT LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

P. S. TIBBETT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

P. S. TIBBETT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,207

2,415

Current assets

Debtors

22,628

19,541

Cash at bank and in hand

12,369

4,083

34,997

23,624

Creditors: amounts falling due within one year

(28,200)

(17,393)

Net current assets

6,797

6,231

Total assets less current liabilities

8,004

8,646

Capital and reserves

Called up share capital

100

Profit and loss account

7,904

8,546

Shareholder's funds

8,004

8,646

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

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 and authorised for issue on 6 January 2016

Mr Paul Tibbett

Director

Company Registration No. 04849413

P. S. TIBBETT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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

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

20% straight line

Motor vehicles

25% straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 August 2014 & at 31 July 2015

6,239

Depreciation

At 1 August 2014

3,825

Charge for the year

1,207

At 31 July 2015

5,032

Net book value

At 31 July 2015

1,207

At 31 July 2014

2,415

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100