PELMVILLE_LIMITED - Accounts

PELMVILLE LIMITED - Company Information

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Company Registration No. 1072422 (England and Wales)

PELMVILLE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

PELMVILLE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PELMVILLE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

121,932

27,530

Current assets

Stocks

5,000

Debtors

4,754

5,814

Cash at bank and in hand

114,289

166,147

124,043

176,961

Creditors: amounts falling due within one year

(84,206)

(121,132)

Net current assets

39,837

55,829

Total assets less current liabilities

161,769

83,359

Provisions for liabilities

(23,988)

(5,029)

137,781

78,330

Capital and reserves

Called up share capital

300

Profit and loss account

137,481

78,030

Shareholders' funds

137,781

78,330

For the financial year ended 31 December 2013 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 and authorised for issue on 14 August 2014

Mrs M S Almond

W K Almond

Director

Company Registration No. 1072422

PELMVILLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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.

Revenue is recognised at the point of sale.

1.4

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

Nil

Plant and machinery

20% Reducing Balance

Fixtures, fittings & equipment

25% Reducing Balance

Motor vehicles

25% Reducing Balance

No depreciation is provided on land and buildings because it is considered immaterial in view of their long useful economic lives and high residual values. The policy of the company is to review the value of the land and buildings at the year end in accordance with FRS 11.

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

PELMVILLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2013

125,179

Additions

125,779

At 31 December 2013

250,958

Depreciation

At 1 January 2013

97,649

Charge for the year

31,377

At 31 December 2013

129,026

Net book value

At 31 December 2013

121,932

At 31 December 2012

27,530

Share capital

2013

2012

Allotted, called up and fully paid

300 Ordinary shares of £1 each

300