Registered number
P & B TA Limited
Abbreviated Accounts
For the Year Ended
30 April 2013
P & B TA Limited
Registered number: NI021423
Abbreviated Balance Sheet
as at 30 April 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 240,000 240,849
Current assets
Stocks 10,797 9,297
Debtors 100 -
Cash at bank and in hand 800 800
11,697 10,097
Creditors: amounts falling due within one year (36,326) (34,587)
Net current liabilities (24,629) (24,490)
Net assets 215,371 216,359
Capital and reserves
Called up share capital 3 2 2
Revaluation reserve 145,787 145,787
Profit and loss account 69,582 70,570
Shareholders' funds 215,371 216,359
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Blinnia McArdle
Approved by the board on 30 January 2014
P & B TA Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2013
1 Accounting policies
Basis of preparation
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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. It is policy to provide a full year's depreciation in the year of purchase.
Fixtures & Fittings 20% straight line
Buildings Not depreciated
It has been decided by the directors not to depreciate Buildings as they were revalued on 25th January 2012 to £240,000 and they are of the opinion that this valuation still applies.
Stock is valued at the lower of cost and net realisable value.
Revaluation of land and buildings
A professional valuation of the company's premises at 7/9 Francis Street, Newry was undertaken on 25th January 2012 by Best Property Services (NI) Ltd, estimating a market value at that date of £240,000. This revaluation was incorporated into the accounts for the year ended 30th April 2012 and the Directors are of the opinion that this valuation still applies.
2 Tangible fixed assets £
At 1 May 2012 273,305
At 30 April 2013 273,305
At 1 May 2012 32,456
Charge for the year 849
At 30 April 2013 33,305
Net book value
At 30 April 2013 240,000
At 30 April 2012 240,849
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
4 Transactions with directors
The company has a loan from one of the directors, Blinnia McArdle of £432 (2012 £282). This loan is included in creditors due within one year.
P & B TA Limited NI021423 false true 2012-05-01 2013-04-30 2013-04-30 Blinnia McArdle NI021423 uk-bus:OrdinaryShareClass1 2012-04-30 NI021423 2012-05-01 2013-04-30 NI021423 uk-bus:Director40 2012-05-01 2013-04-30 NI021423 uk-gaap:PlantMachinery 2012-05-01 2013-04-30 NI021423 uk-gaap:MotorVehicles 2012-05-01 2013-04-30 NI021423 uk-bus:OrdinaryShareClass1 2012-05-01 2013-04-30 NI021423 2013-04-30 NI021423 uk-bus:OrdinaryShareClass1 2013-04-30 NI021423 2012-04-30 iso4217:GBP xbrli:shares



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