Precision Made Joinery Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09386179 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

13 JANUARY 2015 TO 30 APRIL 2016

FOR

PRECISION MADE JOINERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Green

S Grimwood

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

09386179 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

Tangible assets

2

37,537

CURRENT ASSETS

Debtors

41,230

Cash at bank

36,499

77,729

CREDITORS

Amounts falling due within one year

75,191

NET CURRENT ASSETS

2,538

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,075

CREDITORS

Amounts falling due after more than one
year

1,265

NET ASSETS

38,810

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

38,710

SHAREHOLDERS' FUNDS

38,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 8 August 2016 and were signed on its
behalf by:

C Green - Director

S Grimwood - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

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 etc

-

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

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

Additions

57,325

Disposals

(1,800

)

At 30 April 2016

55,525

DEPRECIATION

Charge for period

17,988

At 30 April 2016

17,988

NET BOOK VALUE

At 30 April 2016

37,537

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50

Ordinary 'A'

£1

50

Ordinary 'B'

£1

50

100

The following shares were allotted and fully paid for cash at par during the period:

50 Ordinary 'A' shares of £1 each

50 Ordinary 'B' shares of £1 each