P & P BUILDING AND ROOFING CONTRACTORS L - Abbreviated accounts 16.3

REGISTERED NUMBER: 04012850 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

P & P BUILDING AND ROOFING CONTRACTORS

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Jones

S Flay

SECRETARY:

Mrs E C E Jones

REGISTERED OFFICE:

72 Caerau Road

Newport

South Wales

NP20 4HJ

REGISTERED NUMBER:

04012850 (England and Wales)

ACCOUNTANTS:

Phil Bessant Limited

Chartered Management Accountants

72 Caerau Road

Newport

SOUTH WALES

NP20 4HJ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

940,168

804,000

940,168

804,000

CURRENT ASSETS

Stocks

371,360

329,141

Debtors

840,740

1,449,512

Cash at bank and in hand

285,801

319,712

1,497,901

2,098,365

CREDITORS

Amounts falling due within one year

755,393

1,369,671

NET CURRENT ASSETS

742,508

728,694

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,682,676

1,532,694

CREDITORS

Amounts falling due after more than one
year

4

(356,569

)

(435,960

)

PROVISIONS FOR LIABILITIES

(29,291

)

(13,963

)

NET ASSETS

1,296,816

1,082,771

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

129,442

Profit and loss account

1,167,274

953,229

SHAREHOLDERS' FUNDS

1,296,816

1,082,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 12 December 2016 and were signed on its behalf
by:

P A Jones - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Freehold Property - 2% on cost

Long Leasehold - 2% on cost

Leasehold Improvements - 2% on cost

Plant & Machinery - 20% on cost

Fixture & Fittings -15% on reducing balance

Motor Vehicles -25% on cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

19,200

AMORTISATION

At 1 May 2015

and 30 April 2016

19,200

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

1,530,737

Additions

276,278

At 30 April 2016

1,807,015

DEPRECIATION

At 1 May 2015

726,737

Charge for year

140,110

At 30 April 2016

866,847

NET BOOK VALUE

At 30 April 2016

940,168

At 30 April 2015

804,000

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.4.16

30.4.15

£

Repayable by instalments

75,547

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100

6.

CONTROL

Ultimate control lies with Mr P Jones by virtue of his shareholding.