P_&_P_NON_FERROUS_(STOCKI - Accounts

P & P NON-FERROUS (STOCKISTS) LIMITED - Company Information

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Company Registration No. 01762993 (England and Wales)

P & P NON FERROUS (STOCKISTS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2014

P & P NON FERROUS (STOCKISTS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

P & P NON FERROUS (STOCKISTS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

27,318

33,174

Tangible assets

117,587

137,485

144,905

170,659

Current assets

Stocks

1,863,532

1,675,756

Debtors

1,168,818

1,231,837

Cash at bank and in hand

506

304

3,032,856

2,907,897

Creditors: amounts falling due within one year

(2,700,857)

(2,631,153)

Net current assets

331,999

276,744

Total assets less current liabilities

476,904

447,403

Creditors: amounts falling due after more than one year

(11,339)

(23,719)

Provisions for liabilities

(17,083)

(17,208)

448,482

406,476

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

448,407

406,401

Shareholders' funds

448,482

406,476

P & P NON FERROUS (STOCKISTS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2014

- 2 -

For the financial year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 for issue on 2 April 2014

Mr C J Vickery

Director

Company Registration No. 01762993

P & P NON FERROUS (STOCKISTS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Goodwill

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

1.5

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:

Land and buildings Leasehold

10% per annum straight line

Plant and machinery

20% per annum reducing balance

Fixtures, fittings & equipment

15% per annum reducing balance

Motor vehicles

25% per annum reducing balance

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

P & P NON FERROUS (STOCKISTS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2013

39,030

570,510

609,540

Additions

18,518

Disposals

(56,860)

At 31 January 2014

39,030

532,168

571,198

Depreciation

At 1 February 2013

5,856

433,025

438,881

On disposals

(45,757)

Charge for the year

5,856

27,313

33,169

At 31 January 2014

11,712

414,581

426,293

Net book value

At 31 January 2014

27,318

117,587

144,905

At 31 January 2013

33,174

137,485

170,659

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £1,245,830 (2013 - £1,426,025).

Share capital

2014

2013

Allotted, called up and fully paid

50 ordinary of £1 each