P2 (Surveyors) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05949224 (England and Wales)

P2 (SURVEYORS) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Parkes

Mrs P V S Parkes

SECRETARY:

Mrs P V S Parkes

REGISTERED OFFICE:

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

REGISTERED NUMBER:

05949224 (England and Wales)

ACCOUNTANTS:

William Hinton Limited

Chartered Accountants

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

FIXED ASSETS

Tangible assets

2

1,610

1,128

CURRENT ASSETS

Debtors

33,140

32,317

Cash at bank

4,095

21,236

37,235

53,553

CREDITORS

Amounts falling due within one year

84,580

93,215

NET CURRENT LIABILITIES

(47,345

)

(39,662

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,735

)

(38,534

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(45,737

)

(38,536

)

SHAREHOLDERS' FUNDS

(45,735

)

(38,534

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 29 September 2016 and were signed on its behalf
by:

S Parkes - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% per annum on cost

Computer equipment

-

25% per annum on cost

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

At 1 January 2015

4,500

Additions

1,396

Disposals

(1,775

)

At 31 December 2015

4,121

DEPRECIATION

At 1 January 2015

3,372

Charge for year

787

Eliminated on disposal

(1,648

)

At 31 December 2015

2,511

NET BOOK VALUE

At 31 December 2015

1,610

At 31 December 2014

1,128

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2