PRIMA_FABRICATIONS_LIMITE - Accounts

PRIMA FABRICATIONS LTD - Company Information

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Company Registration No. 07647494 (England and Wales)

PRIMA FABRICATIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

PRIMA FABRICATIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PRIMA FABRICATIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

144,325

172,672

Current assets

Stocks

32,023

20,707

Debtors

142,777

164,961

Cash at bank and in hand

15,197

34,254

189,997

219,922

Creditors: amounts falling due within one year

(251,751)

(310,077)

Net current liabilities

(61,754)

(90,155)

Total assets less current liabilities

82,571

82,517

Creditors: amounts falling due after more than one year

(60,041)

Provisions for liabilities

(12,455)

(14,522)

70,116

7,954

Capital and reserves

Called up share capital

100

Profit and loss account

70,016

7,854

Shareholders' funds

70,116

7,954

PRIMA FABRICATIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2014

- 2 -

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 June 2014

Mr D J Tomlin

Director

Company Registration No. 07647494

PRIMA FABRICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The director is of the opinion that he intends to support the company as necessary, and accordingly the accounts are prepared on a going concern basis. As at the balance sheet date the company had net current liabilities of £61,755 (2013 £90,155).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance and straight line over 5.5 years

Fixtures, fittings & equipment

20% reducing balance

Fixed assets

Tangible assets

Cost

At 1 June 2013 & at 31 May 2014

233,413

Depreciation

At 1 June 2013

60,741

Charge for the year

28,347

At 31 May 2014

89,088

Net book value

At 31 May 2014

144,325

At 31 May 2013

172,672

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £64,857 (2013 - £36,791).

PRIMA FABRICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 4 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £60,041).

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100