P_L_BLAKE_LIMITED - Accounts

P.L.BLAKE LIMITED - Company Information

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Company Registration No. 1943264 (England and Wales)

P L BLAKE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

P L BLAKE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

P L BLAKE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,631

4,271

Current assets

Stocks

14,135

13,763

Debtors

653,453

337,215

Cash at bank and in hand

72,645

740,233

350,978

Creditors: amounts falling due within one year

(662,022)

(350,439)

Net current assets

78,211

539

Total assets less current liabilities

81,842

4,810

Capital and reserves

Called up share capital

1,000

Profit and loss account

80,842

3,810

Shareholder's funds

81,842

4,810

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 24 May 2016

Mr D Hawley

Director

Company Registration No. 1943264

P L BLAKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

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:

Plant and machinery

15% on reducing balance

Computer equipment

15% on reducing balance

Fixtures, fittings & equipment

15% on reducing balance

Motor vehicles

25% on reducing balance

Fixed assets

Tangible assets

Cost

At 1 September 2014 & at 31 August 2015

11,480

Depreciation

At 1 September 2014

7,209

Charge for the year

640

At 31 August 2015

7,849

Net book value

At 31 August 2015

3,631

At 31 August 2014

4,271

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £213,061 (2014 - £146,368).

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

P L BLAKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Related party relationships and transactions

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr D Hawley - Loan

35,806

31,713

4,093

35,806

31,713

4,093