P. M. Slade & Son Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01116467 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

P. M. Slade & Son Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C J Slade

Mrs L E Slade

SECRETARY:

Mrs L E Slade

REGISTERED OFFICE:

A C Mole & Sons

Chartered Accountants

Stafford House

Blackbrook Park Avenue

TAUNTON

TA1 2PX

REGISTERED NUMBER:

01116467 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

2

860

Investments

3

44,502

45,362

CURRENT ASSETS

Debtors

-

2,588

Cash at bank

14

-

14

2,588

CREDITORS

Amounts falling due within one year

2,695

9

NET CURRENT (LIABILITIES)/ASSETS

(2,681

)

2,579

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,681

47,941

CAPITAL AND RESERVES

Called up share capital

4

3,000

Profit and loss account

39,681

44,941

SHAREHOLDERS' FUNDS

42,681

47,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 31 March 2017 and were signed on its behalf by:

C J Slade - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with the

Financial Reporting Standard for Smaller Entities ( effective April 2015).

Preparation of consolidated financial statements

The financial statements contain information about P. M. Slade & Son Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Tangible fixed assets

Depreciation has not been charged in the accounts as minimal use has been made of the assets and the charge

would not be material.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

9,579

DEPRECIATION

At 1 July 2015

and 30 June 2016

8,719

NET BOOK VALUE

At 30 June 2016

860

At 30 June 2015

860

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

and 30 June 2016

44,502

NET BOOK VALUE

At 30 June 2016

44,502

At 30 June 2015

44,502

The company's investments at the Balance Sheet date in the share capital of companies include the following:

P M Slade & Son (Developments) Limited

Nature of business: Commercial property letting

%

Class of shares:

holding

Ordinary £1 Shares

100.00

2016

2015

£

Aggregate capital and reserves

593,419

585,356

Profit for the year

46,063

45,095

Group accounts have not been prepared as the directors consider that the group qualifies as a small group.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,500

"A" Ordinary

£1

1,500

Ordinary

£1

1,500

3,000