Company Registration No. 05044369 (England and Wales)
PENCOED REINFORCEMENTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2015
PENCOED REINFORCEMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
PENCOED REINFORCEMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
5 APRIL 2015
05 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
37,667
40,507
Current assets
Stocks
896
896
Debtors
16,076
7,665
Cash at bank and in hand
6,705
4,699
23,677
13,260
Creditors: amounts falling due within one year
3
(9,690)
(25,931)
Net current assets/(liabilities)
13,987
(12,671)
Total assets less current liabilities
51,654
27,836
Provisions for liabilities
(6,869)
(5,971)
44,785
21,865
Capital and reserves
Called up share capital
4
2
2
Profit and loss account
44,783
21,863
Shareholders' funds
44,785
21,865
PENCOED REINFORCEMENTS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2015
05 April 2015
- 2 -
For the financial year ended 5 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 4 April 2016
M Pengelly
Director
Company Registration No. 05044369
PENCOED REINFORCEMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2015
1
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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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:
Plant and machinery
15% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
Motor vehicles
15% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 6 April 2014
120,935
Additions
3,808
At 5 April 2015
124,743
Depreciation
At 6 April 2014
80,428
Charge for the year
6,648
At 5 April 2015
87,076
Net book value
At 5 April 2015
37,667
At 5 April 2014
40,507
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £- (2014 - £3,727).
PENCOED REINFORCEMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2015
- 4 -
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2