Abbreviated Company Accounts - PURPOSE POWDER COATINGS LIMITED

PURPOSE POWDER COATINGS LIMITED - Company Information

00352108 PURPOSE POWDER COATINGS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00352108 2015-04-01 2016-03-31 00352108 2016-03-31 00352108 2015-03-31 00352108 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00352108 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00352108

PURPOSE POWDER COATINGS LIMITED

Abbreviated Accounts

31 March 2016

PURPOSE POWDER COATINGS LIMITED Registered Number 00352108

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	73,120	90,698
		73,120	90,698
Current assets
Stocks		12,000	12,000
Debtors		1,361,460	925,900
Cash at bank and in hand		174,436	434,914
		1,547,896	1,372,814
Creditors: amounts falling due within one year		(191,727)	(240,797)
Net current assets (liabilities)		1,356,169	1,132,017
Total assets less current liabilities		1,429,289	1,222,715
Provisions for liabilities		(14,388)	(17,850)
Total net assets (liabilities)		1,414,901	1,204,865
Capital and reserves
Called up share capital	3	1,715	1,715
Profit and loss account		1,413,186	1,203,150
Shareholders' funds		1,414,901	1,204,865

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 December 2016

And signed on their behalf by:
P A Andon, Director

PURPOSE POWDER COATINGS LIMITED Registered Number 00352108

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery: 20% reducing balance
Fixtures fittings and equipment: 12.5% on the reducing balance
Motor vehicles: 25% reducing balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 April 2015	648,327
Additions	4,598
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	652,925
Depreciation
At 1 April 2015	557,629
Charge for the year	22,176
On disposals	-
At 31 March 2016	579,805
Net book values
At 31 March 2016	73,120
At 31 March 2015	90,698

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,715 Ordinary shares of £1 each	1,715	1,715