Terrence Paul Cabinet Makers Limited (Formerly P.R.G. Interiors Limited)
|
For the year ended 30 June 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04822472
Terrence Paul Cabinet Makers Limited (Formerly P.R.G. Interiors Limited)
For the year ended 30 June 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
|
Terrence Paul Cabinet Makers Limited (Formerly P.R.G. Interiors Limited)
2015
2014
2
2,637
2,814
2,637
2,814
2,842
746
11,950
2,488
12,696
5,330
Creditors
:
amounts falling due within one year
|
(13,797)
(26,218)
(8,467)
(13,522)
Net current liabilities
Total assets less current liabilities
|
(10,885)
(5,653)
(312)
(300)
Provisions for liabilities
|
(11,197)
Net liabilities
(5,953)
1
3
1
(11,198)
(5,954)
(11,197)
(5,953)
Shareholders funds
For the year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) 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.
|
Date approved by the board: 25 September 2015
|
Signed on behalf of the board of directors
|
1 of 3
Notes to the Abbreviated Financial Statements
|
Terrence Paul Cabinet Makers Limited (Formerly P.R.G. Interiors Limited)
For the year ended 30 June 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor Vehicles
Fixtures and Fittings
20% and 25% Reducing balance
|
2 of 3
Notes to the Abbreviated Financial Statements
|
Terrence Paul Cabinet Makers Limited (Formerly P.R.G. Interiors Limited)
For the year ended 30 June 2015
18,562
668
19,230
15,748
845
Charge for year
16,593
2,637
2,814
Allotted called up and fully paid
|
2015
2014
1
Ordinary shares of £
1
.
00
each
|
1
1
1
1
3 of 3