P&B Ward Contractors Ltd - Limited company - abbreviated - 11.9

P&B Ward Contractors Ltd - Limited company - abbreviated - 11.9

PBW REALISATIONS LIMITED - Company Information

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REGISTERED NUMBER: 01130144 (England and Wales)











ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

P&B WARD CONTRACTORS LTD

P&B WARD CONTRACTORS LTD (REGISTERED NUMBER: 01130144)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

P&B WARD CONTRACTORS LTD (REGISTERED NUMBER: 01130144)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 49,005 58,430

CURRENT ASSETS
Stocks 474,759 464,759
Debtors 1,124,833 1,186,253
Cash at bank 2,599 2,062
1,602,191 1,653,074
CREDITORS
Amounts falling due within one year 1,025,329 1,043,381
NET CURRENT ASSETS 576,862 609,693
TOTAL ASSETS LESS CURRENT
LIABILITIES
625,867
668,123

CREDITORS
Amounts falling due after more than one
year
118,910
124,796
NET ASSETS 506,957 543,327

CAPITAL AND RESERVES
Called up share capital 3 110 110
Profit and loss account 506,847 543,217
SHAREHOLDERS' FUNDS 506,957 543,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 notes form part of these abbreviated accounts

Page 1 continued...
P&B WARD CONTRACTORS LTD (REGISTERED NUMBER: 01130144)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2013


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 3 February 2016 and were signed on its behalf
by:





G R McMahon - Director


The notes form part of these abbreviated accounts

Page 2
P&B WARD CONTRACTORS LTD (REGISTERED NUMBER: 01130144)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Whilst the company has ceased trading since the balance sheet date, no adjustments have been made to the
amounts recoverable on contracts or retentions as the directors consider that these amounts should be
recoverable.

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 work done, excluding 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 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Page 3 continued...
P&B WARD CONTRACTORS LTD (REGISTERED NUMBER: 01130144)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2013


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012 392,359
Additions 2,072
Disposals (6,600 )
At 31 October 2013 387,831
DEPRECIATION
At 1 November 2012 333,929
Charge for year 10,982
Eliminated on disposal (6,085 )
At 31 October 2013 338,826
NET BOOK VALUE
At 31 October 2013 49,005
At 31 October 2012 58,430

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
110 Ordinary £1 110 110

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