P2 (Surveyors) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05949224 (England and Wales)

P2 (SURVEYORS) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

S Parkes

Mrs P V S Parkes

SECRETARY:

Mrs P V S Parkes

REGISTERED OFFICE:

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

REGISTERED NUMBER:

05949224 (England and Wales)

ACCOUNTANTS:

William Hinton Limited

Chartered Accountants

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

FIXED ASSETS

Tangible assets

2

1,128

1,261

CURRENT ASSETS

Debtors

32,317

48,709

Cash at bank

21,236

-

53,553

48,709

CREDITORS

Amounts falling due within one year

93,215

85,315

NET CURRENT LIABILITIES

(39,662

)

(36,606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,534

)

(35,345

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(38,536

)

(35,347

)

SHAREHOLDERS' FUNDS

(38,534

)

(35,345

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 22 February 2016 and were signed on its behalf by:

S Parkes - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery

-

25% per annum on cost

Computer equipment

-

25% per annum on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

4,069

Additions

431

At 31 December 2014

4,500

DEPRECIATION

At 1 January 2014

2,808

Charge for year

564

At 31 December 2014

3,372

NET BOOK VALUE

At 31 December 2014

1,128

At 31 December 2013

1,261

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest at the official rate is calculated on the balance at the end of each month and charged to the director's loan

account.