Registered Number 03714274

P.A.R. STEEL REINFORCEMENT LIMITED

Abbreviated Accounts

31 March 2015

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

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 1,786 2,101
Investments - -
1,786 2,101
Current assets
Stocks 15,414 24,079
Debtors 41,955 34,212
Investments - -
Cash at bank and in hand 8,009 83
65,378 58,374
Prepayments and accrued income - -
Creditors: amounts falling due within one year (45,272) (42,258)
Net current assets (liabilities) 20,106 16,116
Total assets less current liabilities 21,892 18,217
Creditors: amounts falling due after more than one year (180) (180)
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 21,712 18,037
Capital and reserves
Called up share capital 2 2
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 21,710 18,035
Shareholders' funds 21,712 18,037
  • For the year ending 31 March 2015 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 22 December 2015

And signed on their behalf by:
Andrew Bowen, Director

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

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant, machinery and equipment 15% per annum
Motor Vehicles 25% per annum

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obese;eye and slow moving items. 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 2014 15,190
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2015 15,190
Depreciation
At 1 April 2014 13,089
Charge for the year 315
On disposals -
At 31 March 2015 13,404
Net book values
At 31 March 2015 1,786
At 31 March 2014 2,101

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