Registered Number 00671683

A. & M. PROCTER LIMITED

Abbreviated Accounts

31 October 2013

A. & M. PROCTER LIMITED Registered Number 00671683

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 46,066 46,424
Investments 3 182,700 257,700
228,766 304,124
Current assets
Stocks 90,521 90,672
Debtors 311,917 294,305
Cash at bank and in hand 72,408 3,522
474,846 388,499
Creditors: amounts falling due within one year (122,316) (122,039)
Net current assets (liabilities) 352,530 266,460
Total assets less current liabilities 581,296 570,584
Total net assets (liabilities) 581,296 570,584
Capital and reserves
Called up share capital 4 1,000 1,000
Profit and loss account 580,296 569,584
Shareholders' funds 581,296 570,584
  • For the year ending 31 October 2013 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 28 April 2014

And signed on their behalf by:
AR Procter, Director

A. & M. PROCTER LIMITED Registered Number 00671683

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, as adjusted by the revaluation of Freehold Property, and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover and profit is attributable to the one principal activity of the company. All the company's turnover is in the United Kingdom.

Tangible assets depreciation policy
Equipment and Vehicles
Depreciation is calculated on the reducing balance method which aims to write down the cost of the assets over their normal expected lives and is provided at the rate of 15% on plant and equipment and 25% on motor vehicles.

Valuation information and policy
Stock and Work in Progress
Stock 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.

2Tangible fixed assets
£
Cost
At 1 November 2012 79,680
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2013 79,680
Depreciation
At 1 November 2012 33,256
Charge for the year 358
On disposals -
At 31 October 2013 33,614
Net book values
At 31 October 2013 46,066
At 31 October 2012 46,424

The company's freehold property at 318 Torquay Road was re-valued in 1978 on an open market basis. The original cost of the property was £3,600. No further depreciation is being allowed for as the directors consider that the residual value is in excess of the written down value at 31 October 2013.

3Fixed assets Investments
Loans have been advanced of £182700 (2012 £257000). No interest is payable.

4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
1,000 Ordinary shares of £1 each 1,000 1,000

5Transactions with directors

Name of director receiving advance or credit: A R Procter
Description of the transaction: Loan to the company
Balance at 1 November 2012: £ 78,489
Advances or credits made: £ 24,746
Advances or credits repaid: -
Balance at 31 October 2013: £ 103,235

Name of director receiving advance or credit: A R Procter
Description of the transaction: Loans from related company
Balance at 1 November 2012: £ 36,868
Advances or credits made: -
Advances or credits repaid: £ 30,287
Balance at 31 October 2013: £ 6,581

The director, Mr A R Procter, is also a director and majority shareholder of Bow-Rain Construction Ltd from which the company has received a loan.