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 2015

P H EXCAVATIONS LIMITED Registered Number 05445089

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 8,376 10,599
8,376 10,599
Current assets
Stocks 450 4,650
Debtors 80,940 161,113
Cash at bank and in hand 4,458 5,297
85,848 171,060
Creditors: amounts falling due within one year (64,862) (101,212)
Net current assets (liabilities) 20,986 69,848
Total assets less current liabilities 29,362 80,447
Creditors: amounts falling due after more than one year - (9,582)
Total net assets (liabilities) 29,362 70,865
Capital and reserves
Called up share capital 1 1
Profit and loss account 29,361 70,864
Shareholders' funds 29,362 70,865
  • 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 25 February 2016

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 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
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 2014 42,797
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 42,797
Depreciation
At 1 June 2014 32,198
Charge for the year 2,223
On disposals -
At 31 May 2015 34,421
Net book values
At 31 May 2015 8,376
At 31 May 2014 10,599