P C Cables (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06609755 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

P C Cables (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N C Fordham

SECRETARY:

R Kelly

REGISTERED OFFICE:

142 Culver Road

Basingstoke

Hampshire

RG21 3NL

REGISTERED NUMBER:

06609755 (England and Wales)

ACCOUNTANTS:

Kelly & Associates

7 Brackenwood

Sunbury on Thames

Middlesex

TW16 6SQ

CURRENT ASSETS

Stocks

15,169

21,733

Debtors

4

32,958

57,451

Cash at bank

23,054

10

71,181

79,194

CREDITORS

Amounts falling due within one year

5

112,533

102,210

NET CURRENT LIABILITIES

(41,352

)

(23,016

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,352

)

(23,016

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(41,452

)

(23,116

)

SHAREHOLDERS' FUNDS

(41,352

)

(23,016

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 March 2019 and were signed by:

N C Fordham - Director

1.	STATUTORY INFORMATION

P C Cables (UK) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern basis

These financial statements have been prepared on a going concern basis, on the understanding that

the director and shareholder will continue to financially support the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

4,584

9,684

Amounts owed by group undertakings

28,374

47,767

32,958

57,451

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

(274

)

44

Tax

1

1

VAT

112,281

101,640

Accruals and deferred income

525

525

112,533

102,210

6.	RELATED PARTY DISCLOSURES