Prichard Resources Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07717047 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

PRICHARD RESOURCES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A G Prichard

REGISTERED OFFICE:

39 Castle Street

Leicester

United Kingdom

Leicestershire

LE1 5WN

REGISTERED NUMBER:

07717047 (England and Wales)

ACCOUNTANTS:

Hayles Leicester Limited

Chartered Accountants

39 Castle Street

Leicester

LE1 5WN

CURRENT ASSETS

Cash at bank

1,897

1,730

CREDITORS

Amounts falling due within one year

10,819

10,047

NET CURRENT LIABILITIES

(8,922

)

(8,317

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,922

)

(8,317

)

CAPITAL AND RESERVES

Called up share capital

2

1

1

Profit and loss account

(8,923

)

(8,318

)

SHAREHOLDERS' FUNDS

(8,922

)

(8,317

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 25 April 2016 and were signed by:

A G Prichard - 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).

The validity of the going concern basis of preparation is dependent on the continued financial support from

the company director being available. This support is expected to continue for the foreseeable future. Should

this support not be available and the company be unable to continue trading, adjustments would have to be

made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities

that might arise.

Turnover

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

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

1.00

1

1

3.	OTHER INFORMATION

The company is taking legal advice and there are ongoing discussions with HMRC as to whether the profit/loss

recognition included in the July 2011 accounts and July 2013 accounts is appropriate along with any associated

amounts due to and from Anthony Prichard.