P.R. Freddi Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03322424 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

P.R. FREDDI LIMITED

T/A

PRF BUILDING CONTRACTORS

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Bhikarry

REGISTERED OFFICE:

131 Copeland Road

Peckham

London

SE15 3SN

REGISTERED NUMBER:

03322424 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

BANKERS:

HSBC Bank plc

31 Euston Road

Camden

London

NW1 2ST

FIXED ASSETS

Tangible assets

2

17,937

23,916

CURRENT ASSETS

Stocks

601

751

Debtors

137,131

93,219

Cash at bank and in hand

47,335

94,026

185,067

187,996

CREDITORS

Amounts falling due within one year

(107,426

)

(184,491

)

NET CURRENT ASSETS

77,641

3,505

TOTAL ASSETS LESS CURRENT
LIABILITIES

95,578

27,421

CAPITAL AND RESERVES

Called up share capital

3

500

Capital redemption reserve

1,000

Profit and loss account

94,078

25,921

SHAREHOLDERS' FUNDS

95,578

27,421

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 31 May 2016 and were signed by:

R Bhikarry - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

52,254

DEPRECIATION

At 1 November 2014

28,338

Charge for year

5,979

At 31 October 2015

34,317

NET BOOK VALUE

At 31 October 2015

17,937

At 31 October 2014

23,916

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

500

Ordinary B

£1

500