P&M Electrical Control & Automation Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05186955 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2014

for

P&M Electrical Control & Automation Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Hawkins

M Weaver

SECRETARY:

Ms S A Hindmarsh

REGISTERED OFFICE:

140 Langer Lane

Chesterfield

Derbyshire

S40 2JJ

REGISTERED NUMBER:

05186955 (England and Wales)

ACCOUNTANTS:

SA Accountancy

5 Victoria Street

Cinderford

Gloucestershire

GL14 2ET

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

18,471

15,548

18,471

15,548

CURRENT ASSETS

Stocks

5,800

5,820

Debtors

64,079

136,369

Cash at bank

260,493

226,462

330,372

368,651

CREDITORS

Amounts falling due within one year

166,062

260,786

NET CURRENT ASSETS

164,310

107,865

TOTAL ASSETS LESS CURRENT LIABILITIES

182,781

123,413

CREDITORS

Amounts falling due after more than one year

13,752

4,664

NET ASSETS

169,029

118,749

CAPITAL AND RESERVES

Called up share capital

4

7

7

Profit and loss account

169,022

118,742

SHAREHOLDERS' FUNDS

169,029

118,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 20 November 2014 and were signed on its behalf by:

P Hawkins - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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

No deferred tax is recognised in respect of all timing differences as this is considered to be immaterial.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

10,000

AMORTISATION

At 1 June 2013

and 31 May 2014

10,000

NET BOOK VALUE

At 31 May 2014

-

At 31 May 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

34,079

Additions

15,974

Disposals

(18,838

)

At 31 May 2014

31,215

DEPRECIATION

At 1 June 2013

18,531

Charge for year

5,423

Eliminated on disposal

(11,210

)

At 31 May 2014

12,744

NET BOOK VALUE

At 31 May 2014

18,471

At 31 May 2013

15,548

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

5

Ordinary 'A'

£1

5

5

2

Ordinary 'B'

£1

2

2

7

7