Prime Contractors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07161479 (England and Wales)

Abbreviated Accounts for the Year Ended 28 February 2015

for

Prime Contractors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Divani

REGISTERED OFFICE:

Suite 109 Raydean House

15 Western Parade

Barnet

Hertfordshire

EN5 1AH

REGISTERED NUMBER:

07161479 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,196

1,459

CURRENT ASSETS

Debtors

38,966

62,996

Cash at bank

47,283

65,102

86,249

128,098

CREDITORS

Amounts falling due within one year

27,690

30,295

NET CURRENT ASSETS

58,559

97,803

TOTAL ASSETS LESS CURRENT LIABILITIES

59,755

99,262

CREDITORS

Amounts falling due after more than one year

20,000

75,000

NET ASSETS

39,755

24,262

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

39,745

24,252

SHAREHOLDERS' FUNDS

39,755

24,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 September 2015 and were signed by:

M Divani - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

2,780

DEPRECIATION

At 1 March 2014

1,321

Charge for year

263

At 28 February 2015

1,584

NET BOOK VALUE

At 28 February 2015

1,196

At 28 February 2014

1,459

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

10

Ordinary Shares

1

10

10