PBS_INTERNATIONAL_FREIGHT - Accounts


Company Registration No. 02648449 (England and Wales)
PBS INTERNATIONAL FREIGHT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
Richard Anthony and Company
Chartered Accountants
PBS INTERNATIONAL FREIGHT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PBS INTERNATIONAL FREIGHT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
646,730
582,893
Current assets
Stocks
57,286
69,617
Debtors
512,764
530,874
Cash at bank and in hand
424,927
466,999
994,977
1,067,490
Creditors: amounts falling due within one year
(633,435)
(686,083)
Net current assets
361,542
381,407
Total assets less current liabilities
1,008,272
964,300
Creditors: amounts falling due after more than one year
3
(235,430)
(249,449)
772,842
714,851
Capital and reserves
Called up share capital
4
15,000
15,000
Profit and loss account
757,842
699,851
Shareholders' funds
772,842
714,851
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 November 2014
G L Costello Esq
W A Costello Esq
Director
Director
Company Registration No. 02648449
PBS INTERNATIONAL FREIGHT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil
Office equipment
33 1/3% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Motor vehicles
25% reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
824,772
Additions
100,991
At 31 March 2014
925,763
Depreciation
At 1 April 2013
241,879
Charge for the year
37,154
At 31 March 2014
279,033
Net book value
At 31 March 2014
646,730
At 31 March 2013
582,893
PBS INTERNATIONAL FREIGHT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
3
Creditors: amounts falling due after more than one year
2014
2013
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
130,070
122,878
4
Share capital
2014
2013
£
£
Allotted, called up and fully paid
15,000 Ordinary shares of £1 each
15,000
15,000
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