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REGISTERED NUMBER: 01438722 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

PROCUREMENT INTERNATIONAL LTD.

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015




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 2015







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 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 78,315 92,773
Tangible assets 3 37,527 41,806
115,842 134,579

CURRENT ASSETS
Stocks 499,931 407,640
Debtors 1,471,223 1,385,542
Cash at bank and in hand 753,449 41,932
2,724,603 1,835,114
CREDITORS
Amounts falling due within one year 1,859,781 1,405,754
NET CURRENT ASSETS 864,822 429,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

980,664

563,939

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 980,564 563,839
SHAREHOLDERS' FUNDS 980,664 563,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 2015



The financial statements were approved by the director on 23 December 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 2015

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 ten 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 2014
and 30 September 2015 144,581
AMORTISATION
At 1 October 2014 51,808
Amortisation for year 14,458
At 30 September 2015 66,266
NET BOOK VALUE

At 30 September 2015 78,315
At 30 September 2014 92,773

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2014 110,067
Additions 14,998
At 30 September 2015 125,065
DEPRECIATION
At 1 October 2014 68,261
Charge for year 19,277
At 30 September 2015 87,538
NET BOOK VALUE
At 30 September 2015 37,527
At 30 September 2014 41,806

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 2015 2014
value: £    £   
100 Ordinary £1 100 100