Precise Joinery Limited - Limited company - abbreviated - 11.6

Precise Joinery Limited - Limited company - abbreviated - 11.6

PRECISE JOINERY LIMITED - Company Information

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REGISTERED NUMBER: 05897196 (England and Wales)















PRECISE JOINERY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014





Hirst Accountancy Services Limited
Unit 20
Fall Bank Estate
Dodworth
Barnsley
South Yorkshire
S75 3LS








PRECISE JOINERY LIMITED (REGISTERED NUMBER: 05897196)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 August 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PRECISE JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 August 2014







DIRECTOR: M Baker





SECRETARY: Mrs M Baker





REGISTERED OFFICE: 75 Dove Road
Wombwell
Barnsley
South Yorkshire
S73 0SN





REGISTERED NUMBER: 05897196 (England and Wales)





ACCOUNTANTS: Hirst Accountancy Services Limited
Unit 20
Fall Bank Estate
Dodworth
Barnsley
South Yorkshire
S75 3LS
Page 1
PRECISE JOINERY LIMITED (REGISTERED NUMBER: 05897196)

ABBREVIATED BALANCE SHEET
31 August 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 7,391 6,983
7,391 6,983

CURRENT ASSETS
Debtors - 2,725
Cash at bank and in hand 45,736 40,249
45,736 42,974
CREDITORS
Amounts falling due within one year 17,720 14,982
NET CURRENT ASSETS 28,016 27,992
TOTAL ASSETS LESS CURRENT
LIABILITIES
35,407
34,975

PROVISIONS FOR LIABILITIES 359 472
NET ASSETS 35,048 34,503

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 34,948 34,403
SHAREHOLDERS' FUNDS 35,048 34,503

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

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

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
PRECISE JOINERY LIMITED (REGISTERED NUMBER: 05897196)

ABBREVIATED BALANCE SHEET - continued
31 August 2014


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 director on 22 May 2015 and were signed by:





M Baker - Director


The notes form part of these abbreviated accounts

Page 3
PRECISE JOINERY LIMITED (REGISTERED NUMBER: 05897196)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 August 2014

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013
and 31 August 2014 9,000
AMORTISATION
At 1 September 2013
and 31 August 2014 9,000
NET BOOK VALUE

At 31 August 2014 -
At 31 August 2013 -

Page 4 continued...
PRECISE JOINERY LIMITED (REGISTERED NUMBER: 05897196)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 August 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013 21,898
Additions 2,200
At 31 August 2014 24,098
DEPRECIATION
At 1 September 2013 14,915
Charge for year 1,792
At 31 August 2014 16,707
NET BOOK VALUE
At 31 August 2014 7,391
At 31 August 2013 6,983

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary Share £1.00 100 100

Page 5