PK Fabrications Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05733486

PK FABRICATIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P E White

D O White

Mrs Y M White

SECRETARY:

Mrs Y M White

REGISTERED OFFICE:

Units 2 - 4

Sandall Stones Road

Kirk Sandalll Industrial Estate

Doncaster

South Yorkshire

DN3 1QR

REGISTERED NUMBER:

05733486

FIXED ASSETS

Tangible assets

2

148,626

94,499

CURRENT ASSETS

Stocks

2,600

-

Debtors

67,776

95,986

Cash at bank

89,301

68,688

159,677

164,674

CREDITORS

Amounts falling due within one year

99,536

102,037

NET CURRENT ASSETS

60,141

62,637

TOTAL ASSETS LESS CURRENT
LIABILITIES

208,767

157,136

CREDITORS

Amounts falling due after more than one
year

(56,780

)

(24,246

)

PROVISIONS FOR LIABILITIES

(29,725

)

(18,128

)

NET ASSETS

122,262

114,762

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

122,162

114,662

SHAREHOLDERS' FUNDS

122,262

114,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 4 May 2016 and were signed on its behalf by:

P E White - 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 has been fully amortised in the current year.

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 etc

-

33% on reducing balance and 25% 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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

107,823

Additions

97,660

Disposals

(22,895

)

At 29 February 2016

182,588

DEPRECIATION

At 1 March 2015

13,324

Charge for year

28,152

Eliminated on disposal

(7,514

)

At 29 February 2016

33,962

NET BOOK VALUE

At 29 February 2016

148,626

At 28 February 2015

94,499

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

2016

2015

£

Loans due to the directors

16,702

23,836

The loans are interest free with no set repayment date.