P & A Leat Engineers Limited - Limited company - abbreviated - 11.0.0

P & A Leat Engineers Limited - Limited company - abbreviated - 11.0.0

P. & A. LEAT ENGINEERS LIMITED - Company Information

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REGISTERED NUMBER: 01655804 (England and Wales)




















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

P & A LEAT ENGINEERS LIMITED

P & A LEAT ENGINEERS LIMITED (REGISTERED NUMBER: 01655804)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

P & A LEAT ENGINEERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTORS: P Leat
Mrs A F Leat
A Leat





SECRETARY: Mrs A F Leat





REGISTERED OFFICE: 124 High Street
Midsomer Norton
Bath
Avon
BA3 2DA





REGISTERED NUMBER: 01655804 (England and Wales)





ACCOUNTANTS: Pethericks & Gillard Limited
Chartered Accountants
124 High Street
Midsomer Norton
Bath
BA3 2DA
Page 1
P & A LEAT ENGINEERS LIMITED (REGISTERED NUMBER: 01655804)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 17,139 18,898
17,139 18,898

CURRENT ASSETS
Stocks 1,500 2,807
Debtors 72,415 46,882
Cash at bank 33,416 29,321
107,331 79,010
CREDITORS
Amounts falling due within one year 39,198 25,547
NET CURRENT ASSETS 68,133 53,463
TOTAL ASSETS LESS CURRENT
LIABILITIES
85,272
72,361

PROVISIONS FOR LIABILITIES 1,923 1,963
NET ASSETS 83,349 70,398

CAPITAL AND RESERVES
Called up share capital 4 31,400 31,400
Profit and loss account 51,949 38,998
SHAREHOLDERS' FUNDS 83,349 70,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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...
P & A LEAT ENGINEERS LIMITED (REGISTERED NUMBER: 01655804)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2013


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 Board of Directors on 11 September 2014 and were signed on its behalf
by:




Mrs A F Leat - Director



P Leat - Director


The notes form part of these abbreviated accounts

Page 3
P & A LEAT ENGINEERS LIMITED (REGISTERED NUMBER: 01655804)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

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 of £34,000, being the amount paid in the connection of a business, has been fully amortised, as shown
in the notes to the financial statements.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 January 2013
and 31 December 2013 31,400
AMORTISATION
At 1 January 2013
and 31 December 2013 31,400
NET BOOK VALUE

At 31 December 2013 -
At 31 December 2012 -

Page 4 continued...
P & A LEAT ENGINEERS LIMITED (REGISTERED NUMBER: 01655804)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 122,044
Additions 1,380
At 31 December 2013 123,424
DEPRECIATION
At 1 January 2013 103,146
Charge for year 3,139
At 31 December 2013 106,285
NET BOOK VALUE
At 31 December 2013 17,139
At 31 December 2012 18,898

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
31,400 Ordinary £1 31,400 31,400

Page 5