Paul Bisgrove Builders Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04710138 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

PAUL BISGROVE BUILDERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P A Bisgrove

SECRETARY:

Mrs J Bisgrove

REGISTERED OFFICE:

Adj Mousehole

Racketts Lane

Hythe

Southampton

SO45 5GQ

REGISTERED NUMBER:

04710138 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Units 3 & 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

CURRENT ASSETS

Stocks

8,000

8,000

Debtors

28,714

19,690

Cash at bank

44,018

90,250

80,732

117,940

CREDITORS

Amounts falling due within one year

27,038

84,092

NET CURRENT ASSETS

53,694

33,848

TOTAL ASSETS LESS CURRENT LIABILITIES

53,694

33,848

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

53,594

33,748

SHAREHOLDERS' FUNDS

53,694

33,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 15 December 2014 and were signed by:

P A Bisgrove - 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 2003, is being amortised evenly over its estimated useful life of ten 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

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks and work in progress

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

for obsolete or slow moving items.

Work in progress is valued on the basis of direct costs plus attributable overheads based on

a normal level of activity. Provision is made for any foreseeable losses where appropriate. No

element of profit is included in the valuation of work in progress.

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

78,000

AMORTISATION

At 1 April 2013

and 31 March 2014

78,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

21,961

DEPRECIATION

At 1 April 2013

and 31 March 2014

21,961

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

The ordinary shares are designated as 'A' and 'B' ordinary shares and rank parri passu in all

respects.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

6.	RELATED PARTY DISCLOSURES