PREWETT_MILLER_LIMITED - Accounts

PREWETT MILLER LIMITED - Company Information

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Company Registration No. 06035685 (England and Wales)

PREWETT MILLER LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

PREWETT MILLER LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PREWETT MILLER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

46,156

53,848

Tangible assets

22,179

16,267

68,335

70,115

Current assets

Stocks

10,720

7,092

Debtors

25,167

27,324

Cash at bank and in hand

9,424

3,083

45,311

37,499

Creditors: amounts falling due within one year

(129,421)

(122,458)

Net current liabilities

(84,110)

(84,959)

Total assets less current liabilities

(15,775)

(14,844)

Capital and reserves

Called up share capital

300

Profit and loss account

(16,075)

(15,144)

Shareholders' funds

(15,775)

(14,844)

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 January 2015

Mr M Lyons

Director

Company Registration No. 06035685

PREWETT MILLER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Over the term of the lease

Fixtures, fittings & equipment

25% per annum on a reducing balance basis

Motor vehicles

25% per annum on a reducing balance basis

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2013

100,000

58,307

158,307

Additions

9,746

At 30 April 2014

100,000

68,053

168,053

Depreciation

At 1 May 2013

46,152

42,040

88,192

Charge for the year

7,692

3,834

11,526

At 30 April 2014

53,844

45,874

99,718

Net book value

At 30 April 2014

46,156

22,179

68,335

At 30 April 2013

53,848

16,267

70,115

PREWETT MILLER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

100 'A' Ordinary Shares of £1 each

100

100 'B' Ordinary Shares of £1 each

100

300