Abbreviated Company Accounts - PLASTER COVING LIMITED

PLASTER COVING LIMITED - Company Information

08162266 PLASTER COVING LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 08162266 2014-08-01 2015-07-31 08162266 2015-07-31 08162266 2014-07-31 08162266 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 08162266 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 08162266

PLASTER COVING LIMITED

Abbreviated Accounts

31 July 2015

PLASTER COVING LIMITED Registered Number 08162266

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,674	3,200
		9,674	3,200
Current assets
Stocks		115,904	41,831
Debtors		47	-
Cash at bank and in hand		4,585	3,274
		120,536	45,105
Creditors: amounts falling due within one year		(30,892)	0
Net current assets (liabilities)		89,644	45,105
Total assets less current liabilities		99,318	48,305
Creditors: amounts falling due after more than one year		(53,239)	(50,011)
Total net assets (liabilities)		46,079	(1,706)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		46,077	(1,708)
Shareholders' funds		46,079	(1,706)

For the year ending 31 July 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 23 May 2016

And signed on their behalf by:
David Messenger, Director

PLASTER COVING LIMITED Registered Number 08162266

Notes to the Abbreviated Accounts for the period ended 31 July 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over it's estimated useful life:
Fixture and Fittings - 20% Straight line
Motor Vehicles - 33% Straight line

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving stocks.

2Tangible fixed assets

	£
Cost
At 1 August 2014	4,000
Additions	10,817
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	14,817
Depreciation
At 1 August 2014	800
Charge for the year	4,343
On disposals	-
At 31 July 2015	5,143
Net book values
At 31 July 2015	9,674
At 31 July 2014	3,200

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2