Abbreviated Company Accounts - P SMITH LIMITED

Abbreviated Company Accounts - P SMITH LIMITED


Registered Number 04178135

P SMITH LIMITED

Abbreviated Accounts

31 March 2014

P SMITH LIMITED Registered Number 04178135

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 365,699 358,193
Tangible assets 3 1,570 2,254
367,269 360,447
Current assets
Debtors 204,558 216,510
Cash at bank and in hand 132,335 76,793
336,893 293,303
Creditors: amounts falling due within one year (14,050) (15,990)
Net current assets (liabilities) 322,843 277,313
Total assets less current liabilities 690,112 637,760
Creditors: amounts falling due after more than one year (91,629) (107,079)
Total net assets (liabilities) 598,483 530,681
Capital and reserves
Called up share capital 200 200
Profit and loss account 598,283 530,481
Shareholders' funds 598,483 530,681
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 October 2014

And signed on their behalf by:
P. SMITH, Director

P SMITH LIMITED Registered Number 04178135

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Plant and machinery - 15% on cost

2Intangible fixed assets
£
Cost
At 1 April 2013 358,193
Additions 7,506
Disposals -
Revaluations -
Transfers -
At 31 March 2014 365,699
Amortisation
At 1 April 2013 -
Charge for the year -
On disposals -
At 31 March 2014 -
Net book values
At 31 March 2014 365,699
At 31 March 2013 358,193
3Tangible fixed assets
£
Cost
At 1 April 2013 5,828
Additions 224
Disposals -
Revaluations -
Transfers -
At 31 March 2014 6,052
Depreciation
At 1 April 2013 3,574
Charge for the year 908
On disposals -
At 31 March 2014 4,482
Net book values
At 31 March 2014 1,570
At 31 March 2013 2,254