Perforated & Stamped Products Limited - Limited company - abbreviated - 11.6
Perforated & Stamped Products Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| FOR |
| PERFORATED & STAMPED PRODUCTS LIMITED |
| PERFORATED & STAMPED PRODUCTS LIMITED (REGISTERED NUMBER: 05934322) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 January 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| PERFORATED & STAMPED PRODUCTS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 January 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| PERFORATED & STAMPED PRODUCTS LIMITED (REGISTERED NUMBER: 05934322) |
| ABBREVIATED BALANCE SHEET |
| 31 January 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| PERFORATED & STAMPED PRODUCTS LIMITED (REGISTERED NUMBER: 05934322) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 January 2014 |
| The financial statements were approved by the director on |
| PERFORATED & STAMPED PRODUCTS LIMITED (REGISTERED NUMBER: 05934322) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 January 2014 |
| 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 |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is provided in full on timing difference which result in an obligation at the Balance Sheet date to |
| pay more tax, or a right to pay less tax, at a future date at rates expected to apply when they crystallise based on |
| current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in |
| taxation computations in periods different from those in which they are included in the financial statements. |
| Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be |
| recovered. Deferred tax assets and liabilities are not discounted. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2013 |
| Additions |
| At 31 January 2014 |
| DEPRECIATION |
| At 1 February 2013 |
| Charge for year |
| At 31 January 2014 |
| NET BOOK VALUE |
| At 31 January 2014 |
| At 31 January 2013 |
| PERFORATED & STAMPED PRODUCTS LIMITED (REGISTERED NUMBER: 05934322) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 January 2014 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| Ordinary A | £1 |
| 8 | 8 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 January 2014 and |
| 31 January 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| 6. | THIRD PARTY GUARANTEE |
| Bank loan 2 is guaranteed by the Department of Trade & Industry of which £31,829 is outstanding (£41,378 as at |
| 31 January 2013) |