PAS Plastering Contractors Limited
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For the year ended 28 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08882366
PAS Plastering Contractors Limited
For the year ended 28 February 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
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PAS Plastering Contractors Limited
2016
2015
2
9,000
13,500
3
3,998
4,958
12,998
18,458
15,397
12,915
59,537
29,020
72,452
44,417
Creditors
:
amounts falling due within one year
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(62,145)
(71,433)
(17,728)
1,019
Net current assets
Total assets less current liabilities
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14,017
730
14,017
Net assets
730
1
4
1
14,016
729
14,017
730
Shareholders funds
For the year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 13 July 2016
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Signed on behalf of the board of directors
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1 of 3
Notes to the Abbreviated Financial Statements
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PAS Plastering Contractors Limited
For the year ended 28 February 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Motor Vehicles
2
Intangible fixed assets
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18,000
18,000
4,500
4,500
Charge for year
9,000
9,000
13,500
2 of 3
Notes to the Abbreviated Financial Statements
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PAS Plastering Contractors Limited
For the year ended 28 February 2016
6,435
167
6,602
1,477
1,127
Charge for year
2,604
3,998
4,958
Allotted called up and fully paid
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2016
2015
1
Class A share of £
1
.
00
each
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1
1
1
1
3 of 3