Abbreviated Company Accounts - PRECISION INSTALLATIONS LIMITED

PRECISION INSTALLATIONS LIMITED - Company Information

Registered Number 08229338

PRECISION INSTALLATIONS LIMITED

Abbreviated Accounts

30 September 2015

PRECISION INSTALLATIONS LIMITED Registered Number 08229338

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	10,500	10,500
Tangible assets	3	10,222	8,576
		20,722	19,076
Current assets
Debtors		3,445	2,076
Cash at bank and in hand		1,722	159
		5,167	2,235
Creditors: amounts falling due within one year		(5,849)	(1,141)
Net current assets (liabilities)		(682)	1,094
Total assets less current liabilities		20,040	20,170
Creditors: amounts falling due after more than one year		(27,947)	(10,263)
Total net assets (liabilities)		(7,907)	9,907
Capital and reserves
Called up share capital		100	100
Profit and loss account		(8,007)	9,807
Shareholders' funds		(7,907)	9,907

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 June 2016

And signed on their behalf by:
A S Collins, Director

PRECISION INSTALLATIONS LIMITED Registered Number 08229338

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its expected useful life, as follows:
Tools & Equipment - 20% reducing balance
Motor Van - 20% reducing balance

2Intangible fixed assets

	£
Cost
At 1 October 2014	10,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	10,500
Amortisation
At 1 October 2014	-
Charge for the year	-
On disposals	-
At 30 September 2015	-
Net book values
At 30 September 2015	10,500
At 30 September 2014	10,500

3Tangible fixed assets

	£
Cost
At 1 October 2014	11,800
Additions	2,900
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	14,700
Depreciation
At 1 October 2014	3,224
Charge for the year	2,550
On disposals	(1,296)
At 30 September 2015	4,478
Net book values
At 30 September 2015	10,222
At 30 September 2014	8,576