Registered number
NI021423
P & B TA Limited
Abbreviated Accounts
For the 11 Month Period Ended
31 March 2014
P & B TA Limited
Registered number: NI021423
Abbreviated Balance Sheet
as at 31 March 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 240,000 240,000
Current assets
Stocks 17,047 10,797
Debtors - 100
Cash at bank and in hand 800 800
17,847 11,697
Creditors: amounts falling due within one year (46,305) (36,326)
Net current liabilities (28,458) (24,629)
Net assets 211,542 215,371
Capital and reserves
Called up share capital 3 2 2
Revaluation reserve 145,787 145,787
Profit and loss account 65,753 69,582
Shareholders' funds 211,542 215,371
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
Director
Approved by the board on 19 December 2014
P & B TA Limited
Notes to the Abbreviated Accounts
for the period ended 31 March 2014
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
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
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.
Stocks
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 £
Cost/Revaluation
At 1 May 2013 273,305
At 31 March 2014 273,305
Depreciation
At 1 May 2013 33,305
At 31 March 2014 33,305
Net book value
At 31 March 2014 240,000
At 30 April 2013 240,000
3 Share capital Nominal 2014 2014 2013
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 £11,216 (2013 £432). This loan is included in creditors due within one year.
P & B TA Limited NI021423 false true 2013-05-01 2014-03-31 2014-03-31 Blinnia McArdle NI021423 uk-bus:OrdinaryShareClass1 2013-04-30 NI021423 2013-05-01 2014-03-31 NI021423 uk-bus:Director40 2013-05-01 2014-03-31 NI021423 uk-gaap:PlantMachinery 2013-05-01 2014-03-31 NI021423 uk-gaap:MotorVehicles 2013-05-01 2014-03-31 NI021423 uk-bus:OrdinaryShareClass1 2013-05-01 2014-03-31 NI021423 2014-03-31 NI021423 uk-bus:OrdinaryShareClass1 2014-03-31 NI021423 2013-04-30 iso4217:GBP xbrli:shares

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