P & P Auto Engineers Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04857976 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

P & P AUTO ENGINEERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P R Schofield

D M Schofield

SECRETARY:

P R Schofield

REGISTERED OFFICE:

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

REGISTERED NUMBER:

04857976 (England and Wales)

ACCOUNTANTS:

Reed Smith Associates Limited

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

FIXED ASSETS

Tangible assets

2

12,735

11,203

CURRENT ASSETS

Stocks

282

277

Debtors

843

2,635

Cash at bank and in hand

21,151

22,744

22,276

25,656

CREDITORS

Amounts falling due within one year

32,065

32,542

NET CURRENT LIABILITIES

(9,789

)

(6,886

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,946

4,317

PROVISIONS FOR LIABILITIES

2,547

2,240

NET ASSETS

399

2,077

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

389

2,067

SHAREHOLDERS' FUNDS

399

2,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 June 2016 and were signed on its behalf by:

P R Schofield - Director

D M Schofield - 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 April 2008).

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.

Plant and machinery

-

10% on reducing balance

Office equipment

-

15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

22,871

Additions

2,985

At 30 September 2015

25,856

DEPRECIATION

At 1 October 2014

11,668

Charge for year

1,453

At 30 September 2015

13,121

NET BOOK VALUE

At 30 September 2015

12,735

At 30 September 2014

11,203

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

10

Ordinary

£1

10