PRECIOUS METAL LOGISTICS LTD,Ltd - AccountsLtd - Accounts

PRECIOUS METAL LOGISTICS LTD,Ltd - AccountsLtd - Accounts

PRECIOUS METAL LOGISTICS LTD - Company Information

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2017-08-01 08604851 2018-07-31 08604851 2017-08-01 2018-07-31 08604851 2017-07-09 08604851 2016-07-10 2017-07-09 08604851 uk-core:WithinOneYear 2017-07-09 08604851 uk-core:WithinOneYear 2018-07-31 08604851 uk-core:AfterOneYear 2017-07-09 08604851 uk-core:AfterOneYear 2018-07-31 08604851 uk-core:RetainedEarningsAccumulatedLosses 2018-07-31 08604851 uk-core:RetainedEarningsAccumulatedLosses 2017-07-09 08604851 uk-bus:Director1 2017-08-01 2018-07-31 08604851 uk-core:PlantMachinery 2017-08-01 2018-07-31 08604851 uk-core:Vehicles 2017-08-01 2018-07-31 08604851 uk-core:Vehicles 2017-07-09 08604851 uk-core:PlantMachinery 2017-07-09 08604851 uk-core:PlantMachinery 2018-07-31 08604851 uk-core:Vehicles 2018-07-31 iso4217:GBP 08604851 uk-bus:AuditExemptWithAccountantsReport 2017-08-01 2018-07-31 08604851 uk-bus:FRS102 2017-08-01 2018-07-31 08604851 uk-bus:FullAccounts 2017-08-01 2018-07-31 08604851 uk-bus:PrivateLimitedCompanyLtd 2017-08-01 2018-07-31
PRECIOUS METAL LOGISTICS LTD
Registered Number:08604851
For the year ended 31 July 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2018
PRECIOUS METAL LOGISTICS LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 July 2018
PRECIOUS METAL LOGISTICS LTD
Statement of Financial Position
Registered Number :
08604851
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
7,297
8,899
2
7,297
8,899
Current assets
603
Cash and cash equivalents
12,634
12,634
603
Trade and other payables: amounts falling due within one
year
(14,108)
-
3
(13,505)
12,634
Net current assets
Total assets less current liabilities
19,931
(4,606)
Trade and other payables: amounts falling due after more
than one year
(41,780)
(71,916)
4
(51,985)
Net liabilities
(46,386)
Capital and reserves
Retained earnings
(51,985)
(46,386)
(51,985)
(46,386)
Shareholders' funds
For the year ended 31 July 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 31 July 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
MR RICHARD NOBLE Director
These financial statements were approved and authorised for issue by the Board on 01 April 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 July 2018
PRECIOUS METAL LOGISTICS LTD
Notes to the Financial Statements
Statutory Information
PRECIOUS METAL LOGISTICS LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08604851.
Registered address:
11 CHAPEL ROAD
PENDERYN
ABERDARE
CF44 9JS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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
25% Reducing balance
25% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 August 2017
23,527
18,318
5,209
At 31 July 2018
5,209
18,318
23,527
Provision for depreciation and impairment
At 01 August 2017
14,628
11,390
3,238
Charge for year
1,602
1,247
355
At 31 July 2018
16,230
12,637
3,593
At 31 July 2018
Net book value
1,616
5,681
7,297
At 31 July 2017
1,971
6,928
8,899
2 of 3
5
For the year ended 31 July 2018
PRECIOUS METAL LOGISTICS LTD
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
-
14,108
4. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
71,916
41,780
3 of 3