P.J. Labour Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03229168 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2016

for

P.J. Labour Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Harris

Mrs J A Harris

SECRETARY:

Mrs J A Harris

REGISTERED OFFICE:

10/14 Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

03229168 (England and Wales)

ACCOUNTANTS:

Grunberg & Co Limited

Chartered Accountants

10-14 Accommodation Road

Golders Green

London

NW11 8ED

FIXED ASSETS

Tangible assets

2

1,642,734

1,865,127

CURRENT ASSETS

Stocks

36,589

22,819

Debtors

698,984

563,947

Cash at bank and in hand

31,292

32,116

766,865

618,882

CREDITORS

Amounts falling due within one year

3

1,092,576

1,142,482

NET CURRENT LIABILITIES

(325,711

)

(523,600

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,317,023

1,341,527

CREDITORS

Amounts falling due after more than one year

3

(315,992

)

(440,919

)

PROVISIONS FOR LIABILITIES

(192,167

)

(233,494

)

NET ASSETS

808,864

667,114

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

808,764

667,014

SHAREHOLDERS' FUNDS

808,864

667,114

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 19 June 2017 and were signed on its behalf by:

P J Harris - 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Straight line over 25 years

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred tax

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

3,660,914

Additions

958,934

Disposals

(641,421

)

At 31 July 2016

3,978,427

DEPRECIATION

At 1 August 2015

1,795,787

Charge for year

828,261

Eliminated on disposal

(288,355

)

At 31 July 2016

2,335,693

NET BOOK VALUE

At 31 July 2016

1,642,734

At 31 July 2015

1,865,127

3.

CREDITORS

Creditors include an amount of £ 680,929 (2015 - £ 913,541 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100