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REGISTERED NUMBER: 01438722 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2013

FOR

PROCUREMENT INTERNATIONAL LTD

PROCUREMENT INTERNATIONAL LTD (REGISTERED NUMBER: 01438722)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2013




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 2013







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 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 100,002 107,231
Tangible assets 3 28,448 36,759
128,450 143,990

CURRENT ASSETS
Stocks 272,138 187,455
Debtors 954,397 693,845
Cash at bank and in hand 49,918 10,061
1,276,453 891,361
CREDITORS
Amounts falling due within one year 1,066,396 790,987
NET CURRENT ASSETS 210,057 100,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,507

244,364

CREDITORS
Amounts falling due after more than one year 30,000 30,000
NET ASSETS 308,507 214,364

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 308,407 214,264
SHAREHOLDERS' FUNDS 308,507 214,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2013 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 2013



The financial statements were approved by the director on 23 December 2013 and were signed by:





I Rosewell - Director


PROCUREMENT INTERNATIONAL LTD (REGISTERED NUMBER: 01438722)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 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 2012
and 30 September 2013 163,581
AMORTISATION
At 1 October 2012 56,350
Amortisation for year 7,229
At 30 September 2013 63,579
NET BOOK VALUE

At 30 September 2013 100,002
At 30 September 2012 107,231

PROCUREMENT INTERNATIONAL LTD (REGISTERED NUMBER: 01438722)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2013

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2012 150,469
Additions 16,840
At 30 September 2013 167,309
DEPRECIATION
At 1 October 2012 113,710
Charge for year 25,151
At 30 September 2013 138,861
NET BOOK VALUE
At 30 September 2013 28,448
At 30 September 2012 36,759

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 2013 2012
value: £    £   
100 Ordinary £1 100 100

5. TRANSACTIONS WITH DIRECTOR

The following loan to directors subsisted during the years ended 30 September 2013 and 30 September 2012:

2013 2012
£    £   
I Rosewell
Balance outstanding at start of year 41,500 -
Amounts repaid (23,900 ) -
Balance outstanding at end of year 17,600 41,500

6. RELATED PARTY DISCLOSURES

Creditors falling due after one year are loans from the company's retirement benefit scheme of £30,000 (2012 £30,000).
During the period interest of £1800, (2012 £1,800) was paid on the loans.