Paul Armstrong Surfacing Limited - Abbreviated accounts 16.1

Paul Armstrong Surfacing Limited - Abbreviated accounts 16.1

PAUL ARMSTRONG SURFACING LIMITED - Company Information

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REGISTERED NUMBER: NI073973 (Northern Ireland)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Paul Armstrong Surfacing Limited

Paul Armstrong Surfacing Limited (Registered number: NI073973)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2015




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3 to 4

Notes to the Abbreviated Accounts 5 to 6

Paul Armstrong Surfacing Limited

Company Information
for the Year Ended 30 September 2015







DIRECTORS: Mr P Armstrong
Mrs M Armstrong





REGISTERED OFFICE: C/O Lynn, Drake & Co Ltd
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE





REGISTERED NUMBER: NI073973 (Northern Ireland)





ACCOUNTANTS: Lynn, Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Paul Armstrong Surfacing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages three to six) have been prepared.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 30 September 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our
engagement. Our work has been undertaken so that we might compile the financial statements that we have
been engaged to compile, report to the company's Board of Directors that we have done so, and state those
matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the company and the
company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered
Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to
members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 30 September 2015 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Lynn, Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE


13 September 2016

This page does not form part of the abbreviated accounts

Page 2
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Abbreviated Balance Sheet
30 September 2015

30.9.15 30.9.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 12,000 15,000
Tangible assets 3 7,837 11,510
19,837 26,510

CURRENT ASSETS
Stocks 9,425 9,875
Debtors 104,967 110,644
Cash at bank and in hand 2,093 5,154
116,485 125,673
CREDITORS
Amounts falling due within one year 128,961 147,768
NET CURRENT LIABILITIES (12,476 ) (22,095 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,361
4,415

PROVISIONS FOR LIABILITIES 995 1,604
NET ASSETS 6,366 2,811

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 6,356 2,801
SHAREHOLDERS' FUNDS 6,366 2,811

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 notes on pages 5 to 6 form part of these abbreviated accounts

Page 3 continued...
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Abbreviated Balance Sheet - continued
30 September 2015


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 13 September 2016 and were signed on
its behalf by:




Mr P Armstrong - Director



Mrs M Armstrong - Director


The notes on pages 5 to 6 form part of these abbreviated accounts

Page 4
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

Page 5 continued...
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 30,000
AMORTISATION
At 1 October 2014 15,000
Amortisation for year 3,000
At 30 September 2015 18,000
NET BOOK VALUE

At 30 September 2015 12,000
At 30 September 2014 15,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 33,393
Additions 1,650
At 30 September 2015 35,043
DEPRECIATION
At 1 October 2014 21,883
Charge for year 5,323
At 30 September 2015 27,206
NET BOOK VALUE
At 30 September 2015 7,837
At 30 September 2014 11,510

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.15 30.9.14
value: £    £   
10 Ordinary £1 10 10

Page 6