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Registration number: 06254870

Preservatim (Southern) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Redshield Business Solutions Limited
Chartered Accountants
Unit 2
Birchden Farm
Broadwater Forest Lane
Groombridge, Tunbridge Wells
Kent
TN3 9NR

 

Preservatim (Southern) Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Preservatim (Southern) Ltd
(Registration number: 06254870)
Abbreviated Balance Sheet at 30 June 2014

   

Note

   

2014
£

   

2013
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

3,833

   

5,392

 

Current assets

 

             

Stocks

 

   

300

   

321

 

Debtors

 

   

-

   

477

 

Cash at bank and in hand

 

   

17,090

   

14,027

 
   

   

17,390

   

14,825

 

Creditors: Amounts falling due within one year

 

   

(16,231)

   

(20,976)

 

Net current assets/(liabilities)

 

   

1,159

   

(6,151)

 

Net assets/(liabilities)

 

   

4,992

   

(759)

 

Capital and reserves

 

             

Called up share capital

 

3

   

2

   

2

 

Profit and loss account

 

   

4,990

   

(761)

 

Shareholders' funds/(deficit)

 

   

4,992

   

(759)

 

For the year ending 30 June 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 19 November 2014 and signed on its behalf by:

.........................................
AD Field
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Preservatim (Southern) Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance method

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Preservatim (Southern) Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 July 2013

 

16,348

   

16,348

 

Additions

 

150

   

150

 

Disposals

 

(3,127)

   

(3,127)

 

At 30 June 2014

 

13,371

   

13,371

 

Depreciation

           

At 1 July 2013

 

10,956

   

10,956

 

Charge for the year

 

1,225

   

1,225

 

Eliminated on disposals

 

(2,643)

   

(2,643)

 

At 30 June 2014

 

9,538

   

9,538

 

Net book value

           

At 30 June 2014

 

3,833

   

3,833

 

At 30 June 2013

 

5,392

   

5,392

 

3

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

2

   

2

   

2

   

2