Porters Metals & Skip Hire Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04093607

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Porters Metals & Skip Hire Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D J Porter

SECRETARY:

Mrs M Walker

REGISTERED OFFICE:

Unit D1

Wagon Yard

London Road

Marlborough

Wiltshire

SN8 1LH

REGISTERED NUMBER:

04093607

ACCOUNTANTS:

Peter Leach

Unit D1

Wagon Yard

London Road

Marlborough

Wiltshire

SN8 1LH

FIXED ASSETS

Tangible assets

2

338,091

325,400

CURRENT ASSETS

Stocks

23,000

23,320

Debtors

67,867

71,400

Cash at bank and in hand

37,798

34,754

128,665

129,474

CREDITORS

Amounts falling due within one year

216,832

242,532

NET CURRENT LIABILITIES

(88,167

)

(113,058

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

249,924

212,342

CREDITORS

Amounts falling due after more than one
year

160,055

128,645

NET ASSETS

89,869

83,697

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

89,769

83,597

SHAREHOLDERS' FUNDS

89,869

83,697

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 July 2017 and were signed by:

D J Porter - 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, 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.

Plant and machinery etc

-

20% on cost

Stocks

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

moving items.

Hire purchase and leasing commitments

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

830,411

Additions

136,915

At 31 October 2016

967,326

DEPRECIATION

At 1 November 2015

505,011

Charge for year

124,224

At 31 October 2016

629,235

NET BOOK VALUE

At 31 October 2016

338,091

At 31 October 2015

325,400

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

100

Ordinary

£1

100