Accounts

Accounts

PRIMA PROPERTY SERVICES LIMITED - Company Information

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2014-08-01 true false 04476345 2015-07-31 04476345 2014-08-01 2015-07-31 04476345 2014-07-31 04476345 2009-01-01 2014-07-31 04476345 uk-bus:Director1 2014-08-01 2015-07-31 04476345 uk-gaap:Vehicles 2014-08-01 2015-07-31 04476345 uk-gaap:ToolsEquipment 2014-08-01 2015-07-31 04476345 uk-bus:OrdinaryShareClass1 2015-07-31 04476345 uk-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 04476345 uk-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP xbrli:shares
         
  PRIMA PROPERTY SERVICES LIMITED
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 JULY 2015
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Accountants' Report    
         
  2 Abbreviated Balance Sheet    
         
  3-4 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
  CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
  ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
  PRIMA PROPERTY SERVICES LIMITED
  FOR THE YEAR ENDED 31 JULY 2015
     
     
  In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prima Property Services Limited for the year ended 31 July 2015 as set out on pages 5 to 12 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
     
  As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
     
  This report is made solely to the Board of Directors of Prima Property Services Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Prima Property Services Limited and state those matters that we have agreed to state to the Board of Directors of Prima Property Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA Global/Technical/fact/technical-factsheet-l63.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prima Property Services Limited and its Board of Directors as a body for our work or for this report.
     
  It is your duty to ensure that Prima Property Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Prima Property Services Limited. You consider that Prima Property Services Limited is exempt from the statutory audit requirement for the year.
     
  We have not been instructed to carry out an audit or a review of the accounts of Prima Property Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
     
     
     
  Lalita Buildings
     
  378 Walsall Road
     
  Perry Barr
     
  Birmingham
     
  B42 2LX
     
     
     
  Synergy Accountancy Services LLP
     
  Chartered Certified Accountants
     
  22 April 2016
  page 1
  PRIMA PROPERTY SERVICES LIMITED
  Company registered number: 04476345
  ABBREVIATED BALANCE SHEET
  AT 31 July 2015
           
    Note 2015 2014
      £ £ £
  FIXED ASSETS
  Tangible Assets 2 20,478 23,743
         
  CURRENT ASSETS
  Stock 1d 70 60
  Debtors falling due within one year   16,971 16,268
  Cash at bank and in hand   7,932 8,402
      24,973 24,730
  CREDITORS: Amounts falling due within one year   64,152 63,931
  NET CURRENT LIABILITIES   (39,179) (39,201)
  TOTAL ASSETS LESS CURRENT LIABILITIES   (18,701) (15,458)
           
  Provisions for Liabilities   (658) (825)
  NET LIABILITIES   (£19,359) (£16,283)
       
  CAPITAL AND RESERVES
  Called up share capital 3 2 2
  Profit and loss account   (19,361) (16,285)
  SHAREHOLDERS' FUNDS   (£19,359) (£16,283)
       
         
  In approving these financial statements as director of the company I hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 22 April 2016
 
 
         
  Mr J A Millward, Director
   
  The notes on pages 3 to 4 form part of these accounts
  page 2
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 JULY 2015
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  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).
     
     
1b. Going concern
     
  The financial statements have been prepared on the going concern basis in the expectation that the director and shareholder will continue to support the company as necessary until such time as it becomes profitable.
         
         
1c. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Motor vehicles Reducing balance 25%    
  Fixtures and equipment Reducing balance 15%    
       
       
1d. Stocks
       
  Stocks are stated at the lower of cost and net realisable value.
       
       
1e. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate. The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
       
 
       
       
1f. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
  page 3
  PRIMA PROPERTY SERVICES LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JULY 2015
       
       
2. TANGIBLE FIXED ASSETS 2015 2014
    £ £
  Cost
       
  At 1 August 2014 62,550 60,285
  Additions 830 2,265
  At 31 July 2015 63,380 62,550
   
  Depreciation
       
  At 1 August 2014 38,807 33,977
  For the year 4,095 4,830
  At 31 July 2015 42,902 38,807
   
  Net Book Amounts
       
  At 31 July 2015 £20,478 £23,743
   
       
       
3. SHARE CAPITAL 2015 2014
    £ £
  Allotted, issued and fully paid:
       
  2 Ordinary shares of £1 each £2 £2
   
  page 4