P & W Engineering Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08604647 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

P & W Engineering Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S D Povey

S D Walker

REGISTERED OFFICE:

Estate House

144 Evesham St

Redditch

Worcestershire

B97 4HP

REGISTERED NUMBER:

08604647 (England and Wales)

ACCOUNTANTS:

Derek Young & Co

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Tangible assets

2

11,282

14,849

CURRENT ASSETS

Debtors

28,725

33,286

Cash at bank

8,446

2,540

37,171

35,826

CREDITORS

Amounts falling due within one year

41,403

38,835

NET CURRENT LIABILITIES

(4,232

)

(3,009

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,050

11,840

CREDITORS

Amounts falling due after more than one
year

(5,002

)

(10,441

)

PROVISIONS FOR LIABILITIES

(1,211

)

(1,235

)

NET ASSETS

837

164

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

835

162

SHAREHOLDERS' FUNDS

837

164

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 September 2016 and were signed on its behalf
by:

S D Walker - 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 amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Equipment

-

15% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

26,231

Additions

1,094

Disposals

(1,531

)

At 31 July 2016

25,794

DEPRECIATION

At 1 August 2015

11,382

Charge for year

3,566

Eliminated on disposal

(436

)

At 31 July 2016

14,512

NET BOOK VALUE

At 31 July 2016

11,282

At 31 July 2015

14,849

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2