Porterhouse Building Services Limited - Abbreviated accounts

PORTERHOUSE BUILDING AND FIRE SOLUTIONS LIMITED - Company Information

Registered number

05340954

Porterhouse Building Services Limited

Abbreviated Accounts

31 January 2016

Porterhouse Building Services Limited
Registered number:		05340954
Abbreviated Balance Sheet
as at 31 January 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		101,996			51,533

Current assets
Debtors		620,894			597,936
Cash at bank and in hand		437,656			58,788
		1,058,550			656,724

Creditors: amounts falling due within one year		(448,750)			(329,215)

Net current assets			609,800			327,509

Total assets less current liabilities			711,796			379,042

Creditors: amounts falling due after more than one year			(20,620)			(7,790)

Provisions for liabilities			(20,399)			(1,763)


Net assets			670,777			369,489

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			670,775			369,487

Shareholders' funds			670,777			369,489

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



S Porter
Director
Approved by the board on 28 July 2016

Porterhouse Building Services Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 all work invoiced plus an appropriate proportion of all work part completed but not yet invoiced.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.



2	Tangible fixed assets					£

	Cost
	At 1 February 2015					91,570
	Additions					97,293
	Disposals					(32,031)
	At 31 January 2016					156,832

	Depreciation
	At 1 February 2015					40,037
	Charge for the year					22,642
	On disposals					(7,843)
	At 31 January 2016					54,836

	Net book value
	At 31 January 2016					101,996
	At 31 January 2015					51,533


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2



4	Related party transactions					2016		2015
£							£
	Directors Advances
	Mr & Mrs Porter					-		-

	Various advances have been made to the director and his wife during the year. These have been cleared by dividends . A total of £95,000 was credited to the loan account as dividends during the year.