PAS Plastering Contractors Limited
|
Registered Number
:
08882366
|
For the year ended 28 February 2018
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2018
PAS Plastering Contractors Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
PAS Plastering Contractors Limited
Statement of Financial Position
2017
2018
-
4,500
2
Property
,
plant and equipment
|
18,608
3,717
3
18,608
8,217
Trade and other receivables
|
27,109
39,004
4
68,233
Cash and cash equivalents
|
60,641
99,645
95,342
Trade and other payables
:
amounts falling due within one
|
year
|
(84,687)
(46,621)
5
10,655
53,024
Net current assets
Total assets less current liabilities
|
71,632
18,872
71,632
Net assets
18,872
2
1
71,630
18,871
71,632
18,872
Shareholders' funds
For the year ended 28 February 2018 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 of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006
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The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
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The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
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These financial statements were approved and authorised for issue by the Board on 16 July 2018 and were signed by:
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The notes form part of these financial statements
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For the year ended 28 February 2018
PAS Plastering Contractors Limited
Notes to the Financial Statements
Statutory Information
PAS Plastering Contractors Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
08882366
.
|
Principal place of business
:
|
41 Priestfields
Leigh
WN7 2RG
4A Moss Lane
Swinton
Manchester
M27 9SA
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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2 of 4
For the year ended 28 February 2018
PAS Plastering Contractors Limited
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
18,000
18,000
13,500
4,500
Charge for year
18,000
-
4,500
3
.
Property
,
plant and equipment
|
7,314
5,110
2,204
23,041
23,041
-
(5,110)
-
(5,110)
2,204
23,041
25,245
Provision for depreciation and impairment
|
3,597
2,954
643
Charge for year
5,994
5,760
234
(2,954)
(2,954)
-
6,637
5,760
877
1,327
17,281
18,608
1,561
2,156
3,717
4
.
Trade and other receivables
|
2017
2018
16,017
16,476
22,987
10,633
27,109
39,004
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For the year ended 28 February 2018
PAS Plastering Contractors Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
-
(1)
Taxation and social security
|
23,644
19,520
Accruals and deferred income
|
600
600
Directors
'
loan accounts
|
5,053
64,568
Obligations under HP
/
Financial leases
|
17,324
-
46,621
84,687
Included within other creditors are amounts owing to the directors Mr P Smith £4210.94 and Mr D Barnes £843.These loans are interest free and repayable on demand.
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4 of 4