Abbreviated Company Accounts - PRICE BROTHERS (HOLDINGS) LIMITED

Abbreviated Company Accounts - PRICE BROTHERS (HOLDINGS) LIMITED

PRICE BROTHERS LIMITED - Company Information

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Registered Number 02239970

PRICE BROTHERS (HOLDINGS) LIMITED

Abbreviated Accounts

31 March 2014

PRICE BROTHERS (HOLDINGS) LIMITED Registered Number 02239970

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 5,600 8,400
Tangible assets 3 378,492 352,018
384,092 360,418
Current assets
Stocks 34,741 17,478
Debtors 112,666 111,562
Cash at bank and in hand 39,855 27,011
187,262 156,051
Creditors: amounts falling due within one year (195,553) (157,232)
Net current assets (liabilities) (8,291) (1,181)
Total assets less current liabilities 375,801 359,237
Creditors: amounts falling due after more than one year (174,023) (163,683)
Total net assets (liabilities) 201,778 195,554
Capital and reserves
Called up share capital 1,115 1,115
Revaluation reserve 194,183 194,183
Other reserves 35 35
Profit and loss account 6,445 221
Shareholders' funds 201,778 195,554
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 December 2014

And signed on their behalf by:
C Price, Director

PRICE BROTHERS (HOLDINGS) LIMITED Registered Number 02239970

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable net of VAT and trade discounts

Tangible assets depreciation policy
20/25% straight line

2Intangible fixed assets
£
Cost
At 1 April 2013 14,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 14,000
Amortisation
At 1 April 2013 5,600
Charge for the year 2,800
On disposals -
At 31 March 2014 8,400
Net book values
At 31 March 2014 5,600
At 31 March 2013 8,400
3Tangible fixed assets
£
Cost
At 1 April 2013 427,707
Additions 50,301
Disposals -
Revaluations -
Transfers -
At 31 March 2014 478,008
Depreciation
At 1 April 2013 75,689
Charge for the year 23,827
On disposals -
At 31 March 2014 99,516
Net book values
At 31 March 2014 378,492
At 31 March 2013 352,018