Power Jointing Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06043845 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st January 2015

for

Power Jointing Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R S G Coleman

SECRETARY:

Mrs N Coleman

REGISTERED OFFICE:

19 Valencia Way

Andover

Hampshire

SP10 1JG

REGISTERED NUMBER:

06043845 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Tangible assets

2

45,246

25,502

CURRENT ASSETS

Debtors

5,389

-

Cash at bank and in hand

22,920

27,649

28,309

27,649

CREDITORS

Amounts falling due within one year

27,745

38,762

NET CURRENT ASSETS/(LIABILITIES)

564

(11,113

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,810

14,389

PROVISIONS FOR LIABILITIES

9,050

4,231

NET ASSETS

36,760

10,158

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

36,758

10,156

SHAREHOLDERS' FUNDS

36,760

10,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2015 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 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 24th July 2015 and were signed by:

R S G Coleman - Director

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.

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 etc

-

25% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2014

62,261

Additions

38,621

Disposals

(4,700

)

At 31st January 2015

96,182

DEPRECIATION

At 1st February 2014

36,759

Charge for year

16,232

Eliminated on disposal

(2,055

)

At 31st January 2015

50,936

NET BOOK VALUE

At 31st January 2015

45,246

At 31st January 2014

25,502

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

2

Ordinary

£1

2

2