Abbreviated Company Accounts - PHIPPS SITE SERVICES LIMITED

PHIPPS SITE SERVICES LIMITED - Company Information

07809866 PHIPPS SITE SERVICES LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 07809866 2012-11-01 2013-10-31 07809866 2013-10-31 07809866 2012-10-31 07809866 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 07809866 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 07809866

PHIPPS SITE SERVICES LIMITED

Abbreviated Accounts

31 October 2013

PHIPPS SITE SERVICES LIMITED Registered Number 07809866

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	5,718	7,624
Tangible assets	3	1,279	2,279
		6,997	9,903
Current assets
Stocks		500	500
Cash at bank and in hand		4,120	1,221
		4,620	1,721
Creditors: amounts falling due within one year		(10,827)	(9,666)
Net current assets (liabilities)		(6,207)	(7,945)
Total assets less current liabilities		790	1,958
Total net assets (liabilities)		790	1,958
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		690	1,858
Shareholders' funds		790	1,958

For the year ending 31 October 2013 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 29 July 2014

And signed on their behalf by:
Mr S Phipps, Director

PHIPPS SITE SERVICES LIMITED Registered Number 07809866

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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 April 2008.

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

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Intangible fixed assets

	£
Cost
At 1 November 2012	9,530
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	9,530
Amortisation
At 1 November 2012	1,906
Charge for the year	1,906
On disposals	-
At 31 October 2013	3,812
Net book values
At 31 October 2013	5,718
At 31 October 2012	7,624

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

3Tangible fixed assets

	£
Cost
At 1 November 2012	3,500
Additions	250
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	3,750
Depreciation
At 1 November 2012	1,221
Charge for the year	1,250
On disposals	-
At 31 October 2013	2,471
Net book values
At 31 October 2013	1,279
At 31 October 2012	2,279

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

Plant and machinery - 33% on cost

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100