Abbreviated Company Accounts - PENARTH STONE MASONRY LIMITED

PENARTH STONE MASONRY LIMITED - Company Information

08539551 PENARTH STONE MASONRY LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 08539551 2014-06-01 2015-05-31 08539551 2015-05-31 08539551 2014-05-31 08539551 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 08539551 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 08539551

PENARTH STONE MASONRY LIMITED

Abbreviated Accounts

31 May 2015

PENARTH STONE MASONRY LIMITED Registered Number 08539551

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	18,000	24,000
Tangible assets	3	17,755	19,239
		35,755	43,239
Current assets
Stocks		10,399	6,392
Debtors		21,807	6,602
		32,206	12,994
Creditors: amounts falling due within one year	4	(63,195)	(50,048)
Net current assets (liabilities)		(30,989)	(37,054)
Total assets less current liabilities		4,766	6,185
Creditors: amounts falling due after more than one year	4	(3,019)	(4,879)
Total net assets (liabilities)		1,747	1,306
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		1,647	1,206
Shareholders' funds		1,747	1,306

For the year ending 31 May 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 24 February 2016

And signed on their behalf by:
J Denning, Director

PENARTH STONE MASONRY LIMITED Registered Number 08539551

Notes to the Abbreviated Accounts for the period ended 31 May 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Plant & machinery - 25% per annum straight line
Computer equipment - 25% per annum straight line
Motor vehicles - 25% per annum reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 June 2014	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	30,000
Amortisation
At 1 June 2014	6,000
Charge for the year	6,000
On disposals	-
At 31 May 2015	12,000
Net book values
At 31 May 2015	18,000
At 31 May 2014	24,000

3Tangible fixed assets

	£
Cost
At 1 June 2014	25,653
Additions	4,923
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	30,576
Depreciation
At 1 June 2014	6,414
Charge for the year	6,407
On disposals	-
At 31 May 2015	12,821
Net book values
At 31 May 2015	17,755
At 31 May 2014	19,239

4Creditors

	2015 £	2014 £
Secured Debts	8,534	11,484

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

6Transactions with directors

Name of director receiving advance or credit:	J Denning
Description of the transaction:	Loan
Balance at 1 June 2014:	£ 0
Advances or credits made:	£ 14,397
Advances or credits repaid:	-
Balance at 31 May 2015:	£ 14,397