Power Generation Technical & Commercial Services Limited - Period Ending 2015-07-31

Power Generation Technical & Commercial Services Limited - Period Ending 2015-07-31


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Registration number: 06295838

Power Generation Technical & Commercial Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

 

Power Generation Technical & Commercial Services Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Power Generation Technical & Commercial Services Limited
(Registration number: 06295838)
Abbreviated Balance Sheet at 31 July 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

1,732

   

1,475

 

Current assets

 

             

Cash at bank and in hand

 

   

244,460

   

175,915

 

Creditors: Amounts falling due within one year

 

   

(29,208)

   

(38,048)

 

Net current assets

 

   

215,252

   

137,867

 

Net assets

 

   

216,984

   

139,342

 

Capital and reserves

 

             

Called up share capital

 

3

   

1,000

   

1,000

 

Profit and loss account

 

   

215,984

   

138,342

 

Shareholders' funds

 

   

216,984

   

139,342

 

For the year ending 31 July 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 27 April 2016 and signed on its behalf by:

.........................................
Mr K Teasdale
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Power Generation Technical & Commercial Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of the provision of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 August 2014

 

6,609

   

6,609

 

Additions

 

775

   

775

 

At 31 July 2015

 

7,384

   

7,384

 

Depreciation

           

At 1 August 2014

 

5,134

   

5,134

 

Charge for the year

 

518

   

518

 

At 31 July 2015

 

5,652

   

5,652

 

Net book value

           

At 31 July 2015

 

1,732

   

1,732

 

At 31 July 2014

 

1,475

   

1,475

 
 

Power Generation Technical & Commercial Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

1,000

   

1,000

   

1,000

   

1,000