Powerdoor & Gate Limited - Limited company - abbreviated

REGISTERED NUMBER: 03011423

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST JANUARY 2014

FOR

POWERDOOR & GATE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Mrs B I Payne

R C G Payne

SECRETARY:

Mrs B I Payne

REGISTERED OFFICE:

Unit 4

Regent Business Centre

6 Jubilee Road

Burgess Hill

West Sussex

RH15 9TL

REGISTERED NUMBER:

03011423

ACCOUNTANTS:

Clark Brownscombe Limited

8 The Drive

Hove

East Sussex

BN3 3JT

FIXED ASSETS

Tangible assets

2

388

517

CURRENT ASSETS

Stocks

9,046

5,868

Debtors

196,127

187,133

Cash at bank and in hand

8,336

14,490

213,509

207,491

CREDITORS

Amounts falling due within one year

225,465

209,393

NET CURRENT LIABILITIES

(11,956

)

(1,902

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,568

)

(1,385

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(11,668

)

(1,485

)

SHAREHOLDERS' FUNDS

(11,568

)

(1,385

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2014 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 3rd July 2014 and were signed on its behalf by:

R Payne - 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.

Plant and machinery- 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2013

and 31st January 2014

2,901

DEPRECIATION

At 1st February 2013

2,384

Charge for year

129

At 31st January 2014

2,513

NET BOOK VALUE

At 31st January 2014

388

At 31st January 2013

517

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary Share

£1

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Powerdoor & Gate Limited for the year ended 31st January 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Powerdoor & Gate Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Powerdoor & Gate Limited and state those matters that we have agreed to state to the Board of Directors of Powerdoor

& Gate Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Powerdoor & Gate Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Powerdoor &

Gate Limited. You consider that Powerdoor & Gate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Powerdoor & Gate Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.