P.g. Contracting Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03796364 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

P.g. Contracting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P M Govier

SECRETARY:

P Turner

REGISTERED OFFICE:

Derek Young & Co

Estate House

Evesham Street

Redditch

B97 4HP

REGISTERED NUMBER:

03796364 (England and Wales)

ACCOUNTANTS:

Derek Young & Co

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Tangible assets

2

34,184

30,375

CURRENT ASSETS

Stocks

675

-

Debtors

8,658

1,011

Cash at bank

26

5,034

9,359

6,045

CREDITORS

Amounts falling due within one year

47,532

38,901

NET CURRENT LIABILITIES

(38,173

)

(32,856

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,989

)

(2,481

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(3,991

)

(2,483

)

SHAREHOLDERS' FUNDS

(3,989

)

(2,481

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 30 July 2014 and were signed by:

P M Govier - 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 amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

15% 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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

100,821

Additions

6,528

At 31 October 2013

107,349

DEPRECIATION

At 1 November 2012

70,446

Charge for year

2,719

At 31 October 2013

73,165

NET BOOK VALUE

At 31 October 2013

34,184

At 31 October 2012

30,375

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary shares

£1

2

2