P M Groundworks (SW) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07809459 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

P M Groundworks (SW) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P R Mayhead

REGISTERED OFFICE:

29 Kingfisher Road

Chipping Sodbury

Bristol

BS37 6JG

REGISTERED NUMBER:

07809459 (England and Wales)

ACCOUNTANTS:

Pure Professionals Limited

Chartered Accountants & Tax Advisers

12 Whiteladies Road

Clifton

Bristol

BS8 1PD

FIXED ASSETS

Intangible assets

2

15,180

17,710

Tangible assets

3

167,375

66,372

182,555

84,082

CURRENT ASSETS

Debtors

191,579

85,782

Cash at bank and in hand

241,006

52,149

432,585

137,931

CREDITORS

Amounts falling due within one year

233,989

120,509

NET CURRENT ASSETS

198,596

17,422

TOTAL ASSETS LESS CURRENT
LIABILITIES

381,151

101,504

CREDITORS

Amounts falling due after more than one year

(30,632

)

(10,382

)

PROVISIONS FOR LIABILITIES

(33,476

)

(13,275

)

NET ASSETS

317,043

77,847

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

316,943

77,747

SHAREHOLDERS' FUNDS

317,043

77,847

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 12 January 2016 and were signed by:

P R Mayhead - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

25,300

AMORTISATION

At 1 November 2014

7,590

Amortisation for year

2,530

At 31 October 2015

10,120

NET BOOK VALUE

At 31 October 2015

15,180

At 31 October 2014

17,710

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

102,203

Additions

180,221

Disposals

(35,000

)

At 31 October 2015

247,424

DEPRECIATION

At 1 November 2014

35,831

Charge for year

55,780

Eliminated on disposal

(11,562

)

At 31 October 2015

80,049

NET BOOK VALUE

At 31 October 2015

167,375

At 31 October 2014

66,372

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

100

Ordinary

£1

100