P.J. Labour Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03229168 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2015

for

P.J. Labour Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Harris

SECRETARY:

Mrs J Harris

REGISTERED OFFICE:

10/14 Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

03229168 (England and Wales)

ACCOUNTANTS:

Grunberg & Co Limited

Chartered Accountants

10-14 Accommodation Road

Golders Green

London

NW11 8ED

FIXED ASSETS

Tangible assets

2

1,865,127

1,817,741

CURRENT ASSETS

Stocks

22,819

98,611

Debtors

563,947

657,847

Cash at bank and in hand

32,116

35,312

618,882

791,770

CREDITORS

Amounts falling due within one year

3

1,142,482

946,076

NET CURRENT LIABILITIES

(523,600

)

(154,306

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,341,527

1,663,435

CREDITORS

Amounts falling due after more than one
year

3

(440,919

)

(852,620

)

PROVISIONS FOR LIABILITIES

(233,494

)

(236,960

)

NET ASSETS

667,114

573,855

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

667,014

573,755

SHAREHOLDERS' FUNDS

667,114

573,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 May 2016 and were signed by:

P Harris - 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 and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 August 2014

3,007,694

Additions

1,329,456

Disposals

(676,236

)

At 31 July 2015

3,660,914

DEPRECIATION

At 1 August 2014

1,189,953

Charge for year

833,628

Eliminated on disposal

(227,794

)

At 31 July 2015

1,795,787

NET BOOK VALUE

At 31 July 2015

1,865,127

At 31 July 2014

1,817,741

3.

CREDITORS

Creditors include an amount of £ 913,541 (2014 - £ 1,213,377 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100