P R News Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06845160 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

P R News Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Xin

Mrs X Du

REGISTERED OFFICE:

1c St James Street

Brighton

East Sussex

BN2 1RE

REGISTERED NUMBER:

06845160 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

2

2,009

-

CURRENT ASSETS

Stocks

39,874

34,931

Debtors

-

143

Cash at bank

1,262

5,359

41,136

40,433

CREDITORS

Amounts falling due within one year

17,404

14,592

NET CURRENT ASSETS

23,732

25,841

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,741

25,841

CREDITORS

Amounts falling due after more than one
year

24,500

NET ASSETS

1,241

1,341

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,141

1,241

SHAREHOLDERS' FUNDS

1,241

1,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 May 2016 and were signed on its behalf by:

K Xin - 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 January 2015).

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Additions

2,679

At 31 March 2016

2,679

DEPRECIATION

Charge for year

670

At 31 March 2016

670

NET BOOK VALUE

At 31 March 2016

2,009

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1.0

100