Abbreviated Company Accounts - PROPEX HEATING AND LEISURE LTD

Abbreviated Company Accounts - PROPEX HEATING AND LEISURE LTD

PROPEX HEATING AND LEISURE LTD - Company Information

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Registered Number 02176480

PROPEX HEATING AND LEISURE LTD

Abbreviated Accounts

31 January 2015

PROPEX HEATING AND LEISURE LTD Registered Number 02176480

Abbreviated Balance Sheet as at 31 January 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 60,012 50,614
60,012 50,614
Current assets
Stocks 190,569 190,774
Debtors 181,068 169,800
Cash at bank and in hand 33,617 17,777
405,254 378,351
Creditors: amounts falling due within one year 3 (401,791) (371,248)
Net current assets (liabilities) 3,463 7,103
Total assets less current liabilities 63,475 57,717
Creditors: amounts falling due after more than one year 3 (11,022) (2,413)
Accruals and deferred income (9,500) (5,800)
Total net assets (liabilities) 42,953 49,504
Capital and reserves
Called up share capital 600 600
Other reserves 400 400
Profit and loss account 41,953 48,504
Shareholders' funds 42,953 49,504
  • For the year ending 31 January 2015 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 25 August 2015

And signed on their behalf by:
DA Elliott, Director

PROPEX HEATING AND LEISURE LTD Registered Number 02176480

Notes to the Abbreviated Accounts for the period ended 31 January 2015

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.

Tangible assets depreciation policy
Short term leasehold - 10% straight line
Tenant improvements - 10% straight line
Motor vehicles - 25% straight line
Fixtures, fittings & office equipment - 25% straight line
Plant and machinery - 20% straight line

2Tangible fixed assets
£
Cost
At 1 February 2014 135,981
Additions 30,682
Disposals (29,503)
Revaluations -
Transfers -
At 31 January 2015 137,160
Depreciation
At 1 February 2014 85,367
Charge for the year 18,259
On disposals (26,478)
At 31 January 2015 77,148
Net book values
At 31 January 2015 60,012
At 31 January 2014 50,614
3Creditors
2015
£		 2014
£
Secured Debts 49,756 41,768