Preservatim (Southern) Ltd - Period Ending 2014-06-30

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

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.

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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

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