Pestkill Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05549498

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

PESTKILL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M R Brown

REGISTERED OFFICE:

Unit 4 Second Avenue Business Park

Millbrook Trading Estate

Southampton

Hampshire

SO15 0LP

REGISTERED NUMBER:

05549498

ACCOUNTANTS:

Casson Beckman

Chartered Accountants

Murrills House

48 East Street

Portchester

Fareham

Hampshire

PO16 9XS

FIXED ASSETS

Tangible assets

2

30,758

31,227

CURRENT ASSETS

Stocks

2,750

2,600

Debtors

85,209

109,548

Cash at bank and in hand

90,846

118,642

178,805

230,790

CREDITORS

Amounts falling due within one year

97,781

136,733

NET CURRENT ASSETS

81,024

94,057

TOTAL ASSETS LESS CURRENT
LIABILITIES

111,782

125,284

CREDITORS

Amounts falling due after more than one
year

(5,753

)

(3,421

)

PROVISIONS FOR LIABILITIES

(6,152

)

(5,461

)

NET ASSETS

99,877

116,402

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

99,875

116,400

SHAREHOLDERS' FUNDS

99,877

116,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 3 January 2017 and were signed by:

Mr M R Brown - 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 invoiced sale of services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 September 2015

58,790

Additions

12,279

Disposals

(6,594

)

At 31 August 2016

64,475

DEPRECIATION

At 1 September 2015

27,563

Charge for year

9,967

Eliminated on disposal

(3,813

)

At 31 August 2016

33,717

NET BOOK VALUE

At 31 August 2016

30,758

At 31 August 2015

31,227

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2016 and

31 August 2015:

2016

2015

£

Mr M R Brown

Balance outstanding at start of year

10,067

7,803

Amounts advanced

9,615

2,264

Amounts repaid

(10,190

)

-

Balance outstanding at end of year

9,492

10,067

During the year the company paid dividends of £30,000 (2015 - £30,000) the director, M Brown.