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REGISTERED NUMBER: 00956853 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

POWER TESTING LIMITED
POWER TESTING LIMITED (REGISTERED NUMBER: 00956853)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4
POWER TESTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2014







DIRECTORS: M T Sansom
C Park
Mrs Z R Park
Mrs P Park





SECRETARY: S D Park





REGISTERED OFFICE: 33 Hanbury Road
Widford Industrial Estate
Chelmsford
Essex
CM1 3AE





REGISTERED NUMBER: 00956853 (England and Wales)





ACCOUNTANTS: Baverstocks
Chartered Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ
POWER TESTING LIMITED (REGISTERED NUMBER: 00956853)

ABBREVIATED BALANCE SHEET
31 MAY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 178,108 137,573

CURRENT ASSETS
Stocks 383,408 382,714
Debtors 1,621,288 1,996,883
Cash at bank and in hand 257,037 63,915
2,261,733 2,443,512
CREDITORS
Amounts falling due within one year 3 1,586,343 1,936,486
NET CURRENT ASSETS 675,390 507,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,498

644,599

CREDITORS
Amounts falling due after more than one
year

3

(23,526
)
(12,504
)

PROVISIONS FOR LIABILITIES (33,951 ) (26,480 )
NET ASSETS 796,021 605,615

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 795,021 604,615
SHAREHOLDERS' FUNDS 796,021 605,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
POWER TESTING LIMITED (REGISTERED NUMBER: 00956853)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 7 September 2014 and were signed on its behalf
by:





C Park - Director

POWER TESTING LIMITED (REGISTERED NUMBER: 00956853)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short Leasehold - Over the term of the Lease
Plant and Machinery - 25% on reducing balance
Fixtures and Fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Office Equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.
POWER TESTING LIMITED (REGISTERED NUMBER: 00956853)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2014

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2013 278,089
Additions 85,018
At 31 May 2014 363,107
DEPRECIATION
At 1 June 2013 140,516
Charge for year 44,483
At 31 May 2014 184,999
NET BOOK VALUE
At 31 May 2014 178,108
At 31 May 2013 137,573

3. CREDITORS

Creditors include an amount of £ 812,792 (2013 - £ 962,946 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1,000 Ordinary £1 1,000 1,000

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and
31 May 2013:

2014 2013
£    £   
C Park
Balance outstanding at start of year 6,115 (504 )
Amounts advanced 36,042 6,619
Amounts repaid (25,056 ) -
Balance outstanding at end of year 17,101 6,115

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