P_&_P_NON_FERROUS_(STOCKI - Accounts

P & P NON-FERROUS (STOCKISTS) LIMITED - Company Information

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Company Registration No. 01762993 (England and Wales)

P & P NON FERROUS (STOCKISTS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

P & P NON FERROUS (STOCKISTS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

P & P NON FERROUS (STOCKISTS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

118,611

116,531

Current assets

Stocks

1,542,390

1,652,583

Debtors

873,806

1,196,370

Cash at bank and in hand

284

2,416,293

2,849,237

Creditors: amounts falling due within one year

(1,944,505)

(2,418,893)

Net current assets

471,788

430,344

Total assets less current liabilities

590,399

546,875

Provisions for liabilities

(19,903)

(18,216)

570,496

528,659

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

570,421

528,584

Shareholders' funds

570,496

528,659

For the financial year ended 31 January 2016 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 for issue on 30 March 2016

Mr P J Lowry

Mr C J Vickery

Director

Company Registration No. 01762993

P & P NON FERROUS (STOCKISTS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 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 January 2015).

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.

1.4

Goodwill

Acquired goodwill is written off over its estimated useful economic life.

1.5

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

10% per annum straight line

Plant and machinery

20% per annum reducing balance

Fixtures, fittings & equipment

15% per annum reducing balance

Motor vehicles

25% per annum reducing balance

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

P & P NON FERROUS (STOCKISTS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2015

39,030

486,394

525,424

Additions

29,777

Disposals

(20,367)

At 31 January 2016

39,030

495,804

534,834

Depreciation

At 1 February 2015

39,030

369,863

408,893

On disposals

(18,839)

Charge for the year

26,169

At 31 January 2016

39,030

377,193

416,223

Net book value

At 31 January 2016

118,611

At 31 January 2015

116,531

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £1,248,198 (2015 - £1,188,889).

Share capital

2016

2015

Allotted, called up and fully paid

50 ordinary A, B & C of £1 each