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REGISTERED NUMBER: 01438722 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2014

FOR

PROCUREMENT INTERNATIONAL LTD.

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PROCUREMENT INTERNATIONAL LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2014







DIRECTOR: I Rosewell





SECRETARY: L.J. Rosewell





REGISTERED OFFICE: Victory House
17 - 19 Marino Way
Hogwood Industrial Estate
Finchampstead
Berkshire
RG40 4RF





REGISTERED NUMBER: 01438722 (England and Wales)





ACCOUNTANTS: Vernon Associates
10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 92,773 100,002
Tangible assets 3 41,806 28,448
134,579 128,450

CURRENT ASSETS
Stocks 407,640 272,138
Debtors 1,385,542 954,397
Cash at bank and in hand 41,932 49,918
1,835,114 1,276,453
CREDITORS
Amounts falling due within one year 1,405,754 1,066,396
NET CURRENT ASSETS 429,360 210,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,939

338,507

CREDITORS
Amounts falling due after more than one year - 30,000
NET ASSETS 563,939 308,507

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 563,839 308,407
SHAREHOLDERS' FUNDS 563,939 308,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2014



The financial statements were approved by the director on 5 January 2015 and were signed by:





I Rosewell - Director


PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014

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 is being amortised evenly over its estimated useful life of between five and twenty years.

Tangible fixed assets
Tangible fixed assets are written off evenly over their estimated useful life as follows:-

Fixtures and Fittings 3 - 5 years.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 163,581
Disposals (19,000 )
At 30 September 2014 144,581
AMORTISATION
At 1 October 2013 63,579
Amortisation for year 7,229
Eliminated on disposal (19,000 )
At 30 September 2014 51,808
NET BOOK VALUE

At 30 September 2014 92,773
At 30 September 2013 100,002

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2013 167,309
Additions 31,253
Disposals (88,495 )
At 30 September 2014 110,067
DEPRECIATION
At 1 October 2013 138,861
Charge for year 17,895
Eliminated on disposal (88,495 )
At 30 September 2014 68,261
NET BOOK VALUE
At 30 September 2014 41,806
At 30 September 2013 28,448

Fixtures, fittings and equipment depreciated evenly over a period of 3 to 5 years.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2014 and
30 September 2013:

2014 2013
£    £   
I Rosewell
Balance outstanding at start of year 17,600 41,500
Amounts repaid (17,600 ) (23,900 )
Balance outstanding at end of year - 17,600

6. RELATED PARTY DISCLOSURES

Creditors falling due after one year are loans from the company's retirement benefit scheme of £0 (2013 £30,000). During
the period interest of £0, (2013 £1,800) was paid on the loans.