PRN Runner Limited - Period Ending 2019-10-31
PRN Runner Limited - Period Ending 2019-10-31
Registration number:
PRN Runner Limited
for the Period from 1 December 2018 to 31 October 2019
PRN Runner Limited
(Registration number: 07069533)
Balance Sheet as at 31 October 2019
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2019 |
2018 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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( |
For the financial period ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Director
PRN Runner Limited
Notes to the Financial Statements for the Period from 1 December 2018 to 31 October 2019
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
PRN Runner Limited
Notes to the Financial Statements for the Period from 1 December 2018 to 31 October 2019
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Debtors |
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2019 |
2018 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2019 |
2018 |
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Due within one year |
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Accruals and deferred income |
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PRN Runner Limited
Notes to the Financial Statements for the Period from 1 December 2018 to 31 October 2019
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Share capital |
Allotted, called up and fully paid shares
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2019 |
2018 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Related party transactions |
The company is controlled by the director who owns 100% of the called up share capital.
The director of the company has an 80% shareholding in 3G Telecommunications Limited.
During the year, PRN Runner Limited received income of £26,371 from 3G Telecommunications Limited (2018: £14,914).