Abbreviated Company Accounts - PCSM TRADING LIMITED

PCSM TRADING LIMITED - Company Information

Registered Number NI048430

PCSM TRADING LIMITED

Abbreviated Accounts

30 November 2013

PCSM TRADING LIMITED Registered Number NI048430

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	15,000	16,500
Tangible assets	3	89,624	96,808
Investments		-	-
		104,624	113,308
Current assets
Stocks		53,733	63,057
Debtors		142,243	187,919
Cash at bank and in hand		7,427	12,830
		203,403	263,806
Creditors: amounts falling due within one year		(156,289)	(122,547)
Net current assets (liabilities)		47,114	141,259
Total assets less current liabilities		151,738	254,567
Creditors: amounts falling due after more than one year		(146,748)	(253,975)
Provisions for liabilities		(16,220)	(17,282)
Total net assets (liabilities)		(11,230)	(16,690)
Capital and reserves
Called up share capital		2	2
Share premium account		0	0
Profit and loss account		(11,232)	(16,692)
Shareholders' funds		(11,230)	(16,690)

For the year ending 30 November 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 August 2014

And signed on their behalf by:
Mr P Milford, Director
Mr S Milford, Director

PCSM TRADING LIMITED Registered Number NI048430

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Equipment - 10% Reducing Balance
Motor Vehicles - 25% Reducing Balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 5% Straight Line

2Intangible fixed assets

	£
Cost
At 1 December 2012	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	30,000
Amortisation
At 1 December 2012	13,500
Charge for the year	1,500
On disposals	-
At 30 November 2013	15,000
Net book values
At 30 November 2013	15,000
At 30 November 2012	16,500

3Tangible fixed assets

	£
Cost
At 1 December 2012	228,077
Additions	3,022
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	231,099
Depreciation
At 1 December 2012	131,269
Charge for the year	10,206
On disposals	-
At 30 November 2013	141,475
Net book values
At 30 November 2013	89,624
At 30 November 2012	96,808