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Registration number: NI021423

P And B Ta Limited

and Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

SP McKeown & Co Ltd
Chartered Certified Accountants & Tax Advisors
5 Lower Catherine Street
Newry
Co Down
BT35 6BE

 

P And B Ta Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
P And B Ta Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P And B Ta Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of P And B Ta Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of P And B Ta Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P And B Ta Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that P And B Ta Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of P And B Ta Limited. You consider that P And B Ta Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of P And B Ta Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

SP McKeown & Co Ltd
Chartered Certified Accountants & Tax Advisors
5 Lower Catherine Street
Newry
Co Down
BT35 6BE

1 December 2016

 

P And B Ta Limited
(Registration number: NI021423)
Abbreviated Balance Sheet at 31 March 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

241,787

   

240,000

 

Current assets

 

             

Stocks

 

   

12,750

   

12,750

 

Cash at bank and in hand

 

   

799

   

800

 
   

   

13,549

   

13,550

 

Creditors: Amounts falling due within one year

 

   

(34,153)

   

(30,782)

 

Net current liabilities

 

   

(20,604)

   

(17,232)

 

Total assets less current liabilities

 

   

221,183

   

222,768

 

Creditors: Amounts falling due after more than one year

 

   

(11,171)

   

(11,216)

 

Net assets

 

   

210,012

   

211,552

 

Capital and reserves

 

             

Called up share capital

 

3

   

2

   

2

 

Revaluation reserve

 

   

145,787

   

145,787

 

Profit and loss account

 

   

64,223

   

65,763

 

Shareholders' funds

 

   

210,012

   

211,552

 

For the year ending 31 March 2016 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 director acknowledges her 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 director on 1 December 2016

.........................................
Mrs Blinnia Mc Ardle
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

P And B Ta Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life as follows;

It has been decided by the directors not to depreciate Buildings as they were revalued on the 25th January 2012 to £240,000 and they are of the opinion that the valuation still applies

Asset class

Depreciation method and rate

Plant & machinery

20% Straight Line basis

Buildings

Not Depreciated

Marquee

12.5% Straight Line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

P And B Ta Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 April 2015

 

273,305

   

273,305

 

Additions

 

2,042

   

2,042

 

At 31 March 2016

 

275,347

   

275,347

 

Depreciation

           

At 1 April 2015

 

33,305

   

33,305

 

Charge for the year

 

255

   

255

 

At 31 March 2016

 

33,560

   

33,560

 

Net book value

           

At 31 March 2016

 

241,787

   

241,787

 

At 31 March 2015

 

240,000

   

240,000

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

2

   

2

   

2

   

2

 
                         

4

Related party transactions

Directors' advances and credits

 

2016
Advance/ Credit
£

2016
Repaid
£

2015
Advance/ Credit
£

2015
Repaid
£

Mrs Blinnia Mc Ardle

11,171

-

11,216

-

         
         

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