Abbreviated Company Accounts - PORTCHESTER CONTRACTS LIMITED

Abbreviated Company Accounts - PORTCHESTER CONTRACTS LIMITED

PORTCHESTER CONTRACTS LIMITED - Company Information

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Registered Number 07940949

PORTCHESTER CONTRACTS LIMITED

Abbreviated Accounts

29 February 2016

PORTCHESTER CONTRACTS LIMITED Registered Number 07940949

Abbreviated Balance Sheet as at 29 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,782 5,316
6,782 5,316
Current assets
Stocks 1,495 1,495
1,495 1,495
Creditors: amounts falling due within one year (4,155) (6,130)
Net current assets (liabilities) (2,660) (4,635)
Total assets less current liabilities 4,122 681
Total net assets (liabilities) 4,122 681
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,121 680
Shareholders' funds 4,122 681
  • For the year ending 29 February 2016 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 30 November 2016

And signed on their behalf by:
G TAYLOR, Director

PORTCHESTER CONTRACTS LIMITED Registered Number 07940949

Notes to the Abbreviated Accounts for the period ended 29 February 2016

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.

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

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

Plant and machinery 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 March 2015 9,770
Additions 2,795
Disposals -
Revaluations -
Transfers -
At 29 February 2016 12,565
Depreciation
At 1 March 2015 4,454
Charge for the year 1,329
On disposals -
At 29 February 2016 5,783
Net book values
At 29 February 2016 6,782
At 28 February 2015 5,316