THE PRECISE JOINERY & CARPEN - Accounts 2013

THE PRECISE JOINERY & CARPEN - Accounts 2013

THE PRECISE JOINERY & CARPENTRY CO LTD - Company Information

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  THE PRECISE JOINERY & CARPENTRY CO LTD
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 OCTOBER 2013
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-3 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
         
         
         
         
         
  THE PRECISE JOINERY & CARPENTRY CO LTD
  Company registered number: 07797561
  ABBREVIATED BALANCE SHEET
  AT 31 October 2013
           
    Note 2013 2012
      £ £ £
  FIXED ASSETS
  Intangible assets 2 10,000 10,000
  Tangible Assets 3 3,628 4,268
      13,628 14,268
         
  CURRENT ASSETS
  Stock 1d 5,783 15,482
  Debtors falling due within one year   23,251 -
  Cash at bank and in hand   3,085 510
      32,119 15,992
  CREDITORS: Amounts falling due within one year   49,790 31,941
  NET CURRENT LIABILITIES   (17,671) (15,949)
  NET LIABILITIES   (£4,043) (£1,681)
       
  CAPITAL AND RESERVES
  Profit and loss account   (4,043) (1,681)
  SHAREHOLDERS' FUNDS   (£4,043) (£1,681)
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 30 July 2014
 
 
         
  D Brown , Director
   
  The notes on pages 2 to 3 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 OCTOBER 2013
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention.
       
       
1b. Intangible fixed assets: research and development
       
  Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
         
         
1c. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 15%    
  Equipment Reducing balance 15%    
       
       
1d. Stocks
       
  Stocks are stated at the lower of cost and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first-in, first-out basis, including transport.
       
       
1e. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1f. Pensions
       
  The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.
       
       
1g. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
  page 2
  THE PRECISE JOINERY & CARPENTRY CO LTD
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 OCTOBER 2013
       
       
2. INTANGIBLE FIXED ASSETS 2013 2012
    £ £
  Cost
       
  At 1 November 2012 10,000 -
  Additions - 10,000
  At 31 October 2013 10,000 10,000
  Depreciation
       
  At 31 October 2013 - -
   
  Net Book Amounts
       
  At 31 October 2013 £10,000 £10,000
   
       
       
3. TANGIBLE FIXED ASSETS 2013 2012
    £ £
  Cost
       
  At 1 November 2012 5,021 -
  Additions - 5,021
  At 31 October 2013 5,021 5,021
   
  Depreciation
       
  At 1 November 2012 753 -
  For the year 640 753
  At 31 October 2013 1,393 753
   
  Net Book Amounts
       
  At 31 October 2013 £3,628 £4,268
   
       
       
4. ULTIMATE PARENT COMPANY
       
  The company is a subsidiary undertaking of ... incorporated in ... registered in England and Wales.
       
       
5. RELATED PARTIES
       
  Directors' loans (eg debtors)
  Directors' material interests (eg tranactions with directors)
  Controlling parties.
  page 3