Abbreviated Company Accounts - PFC INDUSTRIAL SERVICES LIMITED

PFC INDUSTRIAL SERVICES LIMITED - Company Information

07472202 PFC INDUSTRIAL SERVICES LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 07472202 2015-02-01 2016-01-31 07472202 2016-01-31 07472202 2015-01-31 07472202 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 07472202 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 07472202

PFC INDUSTRIAL SERVICES LIMITED

Abbreviated Accounts

31 January 2016

PFC INDUSTRIAL SERVICES LIMITED Registered Number 07472202

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	107,555	124,103
Tangible assets	3	117,484	131,301
		225,039	255,404
Current assets
Stocks		51,000	53,500
Debtors		209,055	210,736
Cash at bank and in hand		139,001	62,956
		399,056	327,192
Creditors: amounts falling due within one year	4	(246,100)	(248,192)
Net current assets (liabilities)		152,956	79,000
Total assets less current liabilities		377,995	334,404
Creditors: amounts falling due after more than one year	4	0	(5,924)
Provisions for liabilities		(20,100)	(22,100)
Total net assets (liabilities)		357,895	306,380
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		357,795	306,280
Shareholders' funds		357,895	306,380

For the year ending 31 January 2016 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 2016

And signed on their behalf by:
T Jagiellowicz, Director

PFC INDUSTRIAL SERVICES LIMITED Registered Number 07472202

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 10% reducing balance
Computer equipment 33.3% reducing balance
Fixtures, fittings & equipment 10% - 33% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Intangible fixed assets

	£
Cost
At 1 February 2015	165,473
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	165,473
Amortisation
At 1 February 2015	41,370
Charge for the year	16,548
On disposals	-
At 31 January 2016	57,918
Net book values
At 31 January 2016	107,555
At 31 January 2015	124,103

3Tangible fixed assets

	£
Cost
At 1 February 2015	187,576
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	187,576
Depreciation
At 1 February 2015	56,275
Charge for the year	13,817
On disposals	-
At 31 January 2016	70,092
Net book values
At 31 January 2016	117,484
At 31 January 2015	131,301

4Creditors

	2016 £	2015 £
Secured Debts	5,924	12,674

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100