Abbreviated Company Accounts - PROPEX HEATING AND LEISURE LTD

Abbreviated Company Accounts - PROPEX HEATING AND LEISURE LTD

PROPEX HEATING AND LEISURE LTD - Company Information

Print Friendly Version

Registered Number 02176480

PROPEX HEATING AND LEISURE LTD

Abbreviated Accounts

31 January 2014

PROPEX HEATING AND LEISURE LTD Registered Number 02176480

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 50,614 75,225
50,614 75,225
Current assets
Stocks 190,774 140,407
Debtors 169,800 130,468
Cash at bank and in hand 17,777 16,039
378,351 286,914
Creditors: amounts falling due within one year 3 (371,248) (279,439)
Net current assets (liabilities) 7,103 7,475
Total assets less current liabilities 57,717 82,700
Creditors: amounts falling due after more than one year 3 (2,413) (21,926)
Accruals and deferred income (5,800) (7,970)
Total net assets (liabilities) 49,504 52,804
Capital and reserves
Called up share capital 600 600
Other reserves 400 400
Profit and loss account 48,504 51,804
Shareholders' funds 49,504 52,804
  • For the year ending 31 January 2014 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 30 September 2014

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 2014

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% pa straight line
Tenant improvements - 10% pa straight line
Motor vehicles - 25% pa straight line
Fixtures, fittings and office equipment - 25% pa straight line
Plant and machinery - 20% pa straight line

2Tangible fixed assets
£
Cost
At 1 February 2013 151,027
Additions 31,270
Disposals (46,316)
Revaluations -
Transfers -
At 31 January 2014 135,981
Depreciation
At 1 February 2013 75,802
Charge for the year 32,334
On disposals (22,769)
At 31 January 2014 85,367
Net book values
At 31 January 2014 50,614
At 31 January 2013 75,225
3Creditors
2014
£		 2013
£
Secured Debts 10,097 64,833