P G Catering Limited - Abbreviated accounts

Registered number

06493350

P G Catering Limited

Abbreviated Accounts

31 March 2014

P G Catering Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of P G Catering Limited for the year ended 31 March 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of P G Catering Limited for the year ended 31 March 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

EE Accountax Limited
Chartered Certified Accountants
129 Allenby Road
Leeds
LS11 5RR

15 December 2014

P G Catering Limited
Registered number:		06493350
Abbreviated Balance Sheet
as at 31 March 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		236,518			106,327

Current assets
Stocks		6,277			-
Debtors		90			170,939
Cash at bank and in hand		33,279			9,827
		39,646			180,766

Creditors: amounts falling due within one year		(36,613)			(4,457)

Net current assets			3,033			176,309

Total assets less current liabilities			239,551			282,636

Creditors: amounts falling due after more than one year			(302,963)			(328,969)



Net liabilities			(63,412)			(46,333)

Capital and reserves
Called up share capital	4		1,000			1,000
Profit and loss account			(64,412)			(47,333)

Shareholders' funds			(63,412)			(46,333)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Ying Bo YI
Director
Approved by the board on 15 December 2014

P G Catering Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2014

1	Accounting policies

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Fixture and fittings			10% straight line
	Motor vehicles			20% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2013					106,327
	Additions					159,572
	At 31 March 2014					265,899

	Depreciation
	Charge for the year					29,381
	At 31 March 2014					29,381

	Net book value
	At 31 March 2014					236,518
	At 31 March 2013					106,327


3	Loans					2014		2013
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					302,963		328,969


4	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		1,000		1,000