Registered Number 05838902
PLYMOUTH AND DEVON METAL FABRICATIONS LIMITED
Abbreviated Accounts
30 June 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year | 4 |
( |
( |
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 4 |
( |
( |
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 5 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery 15% reducing balance
Motor vehicles 20% reducing balance
Intangible assets amortisation policy
Other accounting policies
Stock is valued at the lower of cost and net realisable value. In respect of finished goods and work in progress cost includes a relevant proportion of overheads according to the stage of completion. Net realisable value represents estimated selling price less costs required to sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes on a full provision basis.
Cash flow statement
The company is exempt from the requirement to produce a cash flow statement as it qualifies as a small company under the Companies Act 2006.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged on a straight line basis over the lease term.
£ | |
---|---|
Cost | |
At 1 July 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 June 2016 |
|
Amortisation | |
At 1 July 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 June 2016 |
|
Net book values | |
At 30 June 2016 | 2,400 |
At 30 June 2015 | 3,000 |
£ | |
---|---|
Cost | |
At 1 July 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 June 2016 |
|
Depreciation | |
At 1 July 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 June 2016 |
|
Net book values | |
At 30 June 2016 | 14,606 |
At 30 June 2015 | 17,397 |
2016
£ |
2015
£ |
|
---|---|---|
Secured Debts |
|
|