Abbreviated Company Accounts - POWERTEC PUMPS LIMITED

Abbreviated Company Accounts - POWERTEC PUMPS LIMITED

POWERTEC PUMPS LIMITED - Company Information

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Registered Number 05208490

POWERTEC PUMPS LIMITED

Abbreviated Accounts

31 December 2015

POWERTEC PUMPS LIMITED Registered Number 05208490

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 173,021 182,745
173,021 182,745
Current assets
Stocks 194,067 164,486
Debtors 540,404 465,316
Cash at bank and in hand 13,981 -
748,452 629,802
Creditors: amounts falling due within one year (682,605) (636,970)
Net current assets (liabilities) 65,847 (7,168)
Total assets less current liabilities 238,868 175,577
Creditors: amounts falling due after more than one year (95,571) (50,038)
Provisions for liabilities (30,091) (35,679)
Total net assets (liabilities) 113,206 89,860
Capital and reserves
Called up share capital 100 100
Profit and loss account 113,106 89,760
Shareholders' funds 113,206 89,860
  • For the year ending 31 December 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 12 May 2016

And signed on their behalf by:
Ross Newman, Director

POWERTEC PUMPS LIMITED Registered Number 05208490

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Motor vehicles 25% & 33% reducing balanced

2Tangible fixed assets
£
Cost
At 1 January 2015 468,636
Additions 133,384
Disposals (225,166)
Revaluations -
Transfers -
At 31 December 2015 376,854
Depreciation
At 1 January 2015 285,891
Charge for the year 71,847
On disposals (153,905)
At 31 December 2015 203,833
Net book values
At 31 December 2015 173,021
At 31 December 2014 182,745