PB Midlands Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07265494 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2016

FOR

PB MIDLANDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr G R Badrinath

SECRETARY:

Mr G R Badrinath

REGISTERED OFFICE:

11 Stratford Road

Shirley

Solihull

West Midlands

B90 3LU

REGISTERED NUMBER:

07265494 (England and Wales)

ACCOUNTANTS:

Hawkins & Co.

Chartered Certified Accountants

11 Stratford Road

Shirley

Solihull

West Midlands

B90 3LU

BANKERS:

Lloyds Bank plc

9-11 Poplar Road

Solihull

West Midlands

B91 3AN

FIXED ASSETS

Tangible assets

2

192

256

CURRENT ASSETS

Debtors

13,283

4,283

Cash at bank

35,481

10,038

48,764

14,321

CREDITORS

Amounts falling due within one year

8,668

3,055

NET CURRENT ASSETS

40,096

11,266

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,288

11,522

PROVISIONS FOR LIABILITIES

38

-

NET ASSETS

40,250

11,522

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

40,150

11,422

SHAREHOLDERS' FUNDS

40,250

11,522

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 24th November 2016 and were signed by:

Mr G R Badrinath - 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 sales of goods provided in the accounting period, 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.

Computer equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

300

DEPRECIATION

At 1st June 2015

44

Charge for year

64

At 31st May 2016

108

NET BOOK VALUE

At 31st May 2016

192

At 31st May 2015

256

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary Shares

£1

100