PBFW Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06049123 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

PBFW Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Priest

B Priest

SECRETARY:

R Priest

REGISTERED OFFICE:

67 Newland Street

Witham

Essex

CM8 1AA

REGISTERED NUMBER:

06049123 (England and Wales)

ACCOUNTANTS:

Wilson Devenish

67 Newland Street

Witham

Essex

CM8 1AA

FIXED ASSETS

Tangible assets

2

597

796

CURRENT ASSETS

Stocks

181,094

140,966

Debtors

173,790

118,846

Cash at bank and in hand

21,574

27,578

376,458

287,390

CREDITORS

Amounts falling due within one year

375,561

287,581

NET CURRENT ASSETS/(LIABILITIES)

897

(191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,494

605

CAPITAL AND RESERVES

Called up share capital

3

100

66

Profit and loss account

1,394

539

SHAREHOLDERS' FUNDS

1,494

605

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21 January 2015 and were signed on its behalf by:

B Priest - 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.

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 etc

-

25% 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

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

995

DEPRECIATION

At 1 August 2013

199

Charge for year

199

At 31 July 2014

398

NET BOOK VALUE

At 31 July 2014

597

At 31 July 2013

796

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

1

100

66

34 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.