Power Cable Services Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05959476 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

POWER CABLE SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G P Oakley

T G Marsh

C D Bagge

SECRETARY:

G P Oakley

REGISTERED OFFICE:

30-34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

05959476 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Ltd

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

2

56,342

42,045

CURRENT ASSETS

Debtors

185,334

240,696

Cash at bank and in hand

269,353

272,076

454,687

512,772

CREDITORS

Amounts falling due within one year

266,307

248,327

NET CURRENT ASSETS

188,380

264,445

TOTAL ASSETS LESS CURRENT LIABILITIES

244,722

306,490

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

244,721

306,489

SHAREHOLDERS' FUNDS

244,722

306,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 and were signed on its behalf by:

G P Oakley - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Tools and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixtures & fittings

-

25% on reducing balance

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 2013

63,339

Additions

33,091

At 31 December 2013

96,430

DEPRECIATION

At 1 January 2013

21,294

Charge for year

18,794

At 31 December 2013

40,088

NET BOOK VALUE

At 31 December 2013

56,342

At 31 December 2012

42,045

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT COMPANY

Power Cable Services Limited is a 100% owned subsidiary of PCS Holdings (UK) Limited.