P J Smith Limited - Abbreviated accounts 16.3

P J Smith Limited - Abbreviated accounts 16.3

P J SMITH LIMITED - Company Information

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REGISTERED NUMBER: 05299001 (England and Wales)













ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

P J SMITH LIMITED

P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

P J SMITH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2016







DIRECTOR: P J Smith





SECRETARY: I C Murray





REGISTERED OFFICE: 31-33 College Road
Harrow
Middlesex
HA1 1EJ





REGISTERED NUMBER: 05299001 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
31-33 College Road
Harrow
Middlesex
HA1 1EJ
Page 1
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

ABBREVIATED BALANCE SHEET
31ST MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 685 914

CURRENT ASSETS
Stocks 100 100
Debtors 7,432 4,937
Cash at bank 44,117 54,941
51,649 59,978
CREDITORS
Amounts falling due within one year 12,399 15,622
NET CURRENT ASSETS 39,250 44,356
TOTAL ASSETS LESS CURRENT
LIABILITIES
39,935
45,270

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 39,934 45,269
SHAREHOLDERS' FUNDS 39,935 45,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 7th December 2016 and were signed by:





P J Smith - Director


The notes form part of these abbreviated accounts

Page 2
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2016


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 the value, net of value added tax and discounts, of goods provided to customers and work
carried out in respect of services provided to customers.

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

Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Pension costs and other post-retirement benefits
The company contributes to personal pension schemes for employees. The assets of the schemes are held
independently of the company by an insurance company. The amount charged to the profit and loss account is
the contributions payable in the year.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2015
and 31st March 2016 3,240
DEPRECIATION
At 1st April 2015 2,326
Charge for year 229
At 31st March 2016 2,555
NET BOOK VALUE
At 31st March 2016 685
At 31st March 2015 914

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary shares £1 1 1

Page 3