Registered Number 03714274

P.A.R. STEEL REINFORCEMENT LIMITED

Abbreviated Accounts

31 March 2014

P.A.R. STEEL REINFORCEMENT LIMITED Registered Number 03714274

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 2,101 2,208
2,101 2,208
Current assets
Stocks 24,079 31,347
Debtors 34,212 18,369
Cash at bank and in hand 83 12,729
58,374 62,445
Creditors: amounts falling due within one year (42,258) (24,867)
Net current assets (liabilities) 16,116 37,578
Total assets less current liabilities 18,217 39,786
Creditors: amounts falling due after more than one year (180) (180)
Total net assets (liabilities) 18,037 39,606
Capital and reserves
Called up share capital 2 2
Profit and loss account 18,035 39,604
Shareholders' funds 18,037 39,606
  • For the year ending 31 March 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 10 October 2014

And signed on their behalf by:
Mr Andrew Bowen, Director

P.A.R. STEEL REINFORCEMENT LIMITED Registered Number 03714274

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoice value of goods and services supplied by the company, net of Value Added Tax and trade discounts

Tangible assets depreciation policy
Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual vale, over their expected useful lives on the following basis.

Leasehold 5% per annum
Plant and machinery 15% per annum
Motor vehicles 25% per annum,

Other accounting policies
Stock and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making allowances for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2 Tangible fixed assets
£
Cost
At 1 April 2013 14,910
Additions 280
Disposals -
Revaluations -
Transfers -
At 31 March 2014 15,190
Depreciation
At 1 April 2013 12,702
Charge for the year 387
On disposals -
At 31 March 2014 13,089
Net book values
At 31 March 2014 2,101
At 31 March 2013 2,208

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