Company Registration No. 08800679 (England and Wales)
PERFECT STEEL LONDON LTD
Unaudited accounts
for the year ended 31 December 2016
PERFECT STEEL LONDON LTD
Unaudited accounts
Contents
PERFECT STEEL LONDON LTD
Company Information
for the year ended 31 December 2016
Company Number
08800679 (England and Wales)
Registered Office
UNIT 5 BILTON ROAD
INDUSTRIAL ESTATE MANOR ROAD
ERITH
KENT
DA8 2AN
PERFECT STEEL LONDON LTD
Statement of financial position
as at
31 December 2016
Tangible assets
30,570
37,280
Cash at bank and in hand
38,346
-
Creditors: amounts falling due within one year
(42,704)
(10,800)
Net current liabilities
(2,838)
(5,578)
Total assets less current liabilities
27,732
31,702
Creditors: amounts falling due after more than one year
(20,000)
(32,000)
Net assets/(liabilities)
7,732
(298)
Called up share capital
100
100
Profit and loss account
7,632
(398)
Shareholders' funds
7,732
(298)
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2017.
Piotr Fatyga
Director
Company Registration No. 08800679
PERFECT STEEL LONDON LTD
Notes to the Accounts
for the year ended 31 December 2016
PERFECT STEEL LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 08800679. The registered office and principal place of business is UNIT 5 BILTON ROAD, INDUSTRIAL ESTATE MANOR ROAD, ERITH, KENT, DA8 2AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 31 December 2016
45,463
Charge for the year
6,710
At 31 December 2016
14,893
At 31 December 2016
30,570
At 31 December 2015
37,280
PERFECT STEEL LONDON LTD
Notes to the Accounts
for the year ended 31 December 2016
Trade debtors
1,520
5,222
6
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
-
3,980
Trade creditors
38,197
6,720
Taxes and social security
4,507
100
7
Creditors: amounts falling due after more than one year
2016
2015
Trade creditors
20,000
32,000
8
Average number of employees
During the year the average number of employees was 0 (2015: 0).