Registered Number 05134206

PUTT IT RIGHT LIMITED

Abbreviated Accounts

31 May 2014

PUTT IT RIGHT LIMITED Registered Number 05134206

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 45,249 57,904
45,249 57,904
Current assets
Stocks 1,000 2,000
Debtors 2,761 2,630
Cash at bank and in hand 3 2,264
3,764 6,894
Creditors: amounts falling due within one year (28,809) (24,063)
Net current assets (liabilities) (25,045) (17,169)
Total assets less current liabilities 20,204 40,735
Creditors: amounts falling due after more than one year (7,062) (13,106)
Total net assets (liabilities) 13,142 27,629
Capital and reserves
Called up share capital 5 5
Profit and loss account 13,137 27,624
Shareholders' funds 13,142 27,629
  • For the year ending 31 May 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 24 February 2015

And signed on their behalf by:
C B Horrax, Director

PUTT IT RIGHT LIMITED Registered Number 05134206

Notes to the Abbreviated Accounts for the period ended 31 May 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
The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of VAT.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset , less its estimated residual value, over the useful economic life of that asset as follows:
Property alterations - on a straight-line basis over 10 years
Plant & Machinery - 15% per annum on the reducing balance
Motor Vehicles - 25% per annum on the reducing balance

2 Tangible fixed assets
£
Cost
At 1 June 2013 118,100
Additions 396
Disposals (9,205)
Revaluations -
Transfers -
At 31 May 2014 109,291
Depreciation
At 1 June 2013 60,196
Charge for the year 9,639
On disposals (5,793)
At 31 May 2014 64,042
Net book values
At 31 May 2014 45,249
At 31 May 2013 57,904

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