Southdown PSV Limited - Limited company - abbreviated - 11.0.0
Southdown PSV Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| SOUTHDOWN PSV LIMITED |
| SOUTHDOWN PSV LIMITED (REGISTERED NUMBER: 04416005) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| SOUTHDOWN PSV LIMITED (REGISTERED NUMBER: 04416005) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| SOUTHDOWN PSV LIMITED (REGISTERED NUMBER: 04416005) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2014 |
| The financial statements were approved by the Board of Directors on by: |
| SOUTHDOWN PSV LIMITED (REGISTERED NUMBER: 04416005) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 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 comprises the value of goods and services supplied by the company, exclusive of value added tax. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write |
| off the cost of fixed assets, less their estimated residual value, over their expected useful lives. |
| Short leasehold - 20% on cost |
| Operational equipment - 20% on cost |
| Workshop equipment - 25% on reducing balance |
| Furniture and office equipment - 25% on reducing balance |
| Vehicles |
| Motor vehicles - 25% on reducing balance |
| Buses - at varying rates on cost |
| 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 |
| 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. |
| SOUTHDOWN PSV LIMITED (REGISTERED NUMBER: 04416005) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary A | £1 |
| (2013 - |
| Ordinary B | £1 |
| NIL | Ordinary C | £1 |
| (2013 - |
| Ordinary D | £1 |
| (2013 - |
| Ordinary | £1 |
| 875 | Ordinary E | £1 | 875 | - |
| 125 | Ordinary F | £1 | 125 | - |
| 125 | Ordinary G | £1 | 125 | - |
| 125 | Ordinary H | £1 | 125 | - |
| SOUTHDOWN PSV LIMITED (REGISTERED NUMBER: 04416005) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 4. | CALLED UP SHARE CAPITAL - continued |
| The following shares were issued during the year: |
| 875 Ordinary E shares of £1 for cash of £27003 |
| 125 Ordinary F shares of £1 for cash of £3858 |
| 125 Ordinary G shares of £1 for cash of £3858 |
| 125 Ordinary H shares of £1 for cash of £3858 |
| The above issues were made following the cancellation of 1750 ordinary shares and 1750 "C" shares previously |
| held by a director and, purchased by the company for a total consideration of £108,000. |