Porter Skip Hire Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04093607

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

Porter 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

243,001

225,844

CURRENT ASSETS

Stocks

26,640

22,500

Debtors

45,939

17,273

Cash at bank and in hand

40,357

97,718

112,936

137,491

CREDITORS

Amounts falling due within one year

175,275

193,268

NET CURRENT LIABILITIES

(62,339

)

(55,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

180,662

170,067

CREDITORS

Amounts falling due after more than one year

68,277

49,396

NET ASSETS

112,385

120,671

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

112,285

120,571

SHAREHOLDERS' FUNDS

112,385

120,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 7 June 2014 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 April 2008).

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.

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

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 November 2012

522,121

Additions

92,419

Disposals

(37,500

)

At 31 October 2013

577,040

DEPRECIATION

At 1 November 2012

296,277

Charge for year

75,262

Eliminated on disposal

(37,500

)

At 31 October 2013

334,039

NET BOOK VALUE

At 31 October 2013

243,001

At 31 October 2012

225,844

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

100

Ordinary

£1

100

100