PILBEAM_&_CO_LIMITED - Accounts

PILBEAM & CO. LTD - Company Information

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Company Registration No. 02801554 (England and Wales)

PILBEAM & CO LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 29 JUNE 2015

PILBEAM & CO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PILBEAM & CO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

6,731

7,348

Current assets

Debtors

535,082

547,607

Cash at bank and in hand

10,406

545,488

547,607

Creditors: amounts falling due within one year

(522,610)

(578,620)

Net current assets/(liabilities)

22,878

(31,013)

Total assets less current liabilities

29,609

(23,665)

Creditors: amounts falling due after more than one year

(57,900)

(4,337)

(28,291)

(28,002)

Capital and reserves

Called up share capital

Profit and loss account

(28,293)

(28,004)

Shareholders' funds

(28,291)

(28,002)

For the financial Period ended 29 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 September 2016

Mr S P Pilbeam

Director

Company Registration No. 02801554

PILBEAM & CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 29 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts have been prepared on a going concern basis on the assumptions that the company receives continued support from the director and its creditors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% on reducing balance

Fixtures, fittings & equipment

25% on reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 October 2014

59,056

Additions

1,628

At 29 June 2015

60,684

Depreciation

At 1 October 2014

51,708

Charge for the period

2,245

At 29 June 2015

53,953

Net book value

At 29 June 2015

6,731

At 30 September 2014

7,348

PILBEAM & CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 29 JUNE 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each