Prescross Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08019924 (England and Wales)

PRESCROSS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J F Thomas

Mrs L M Thomas

REGISTERED OFFICE:

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

REGISTERED NUMBER:

08019924 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

1,950

1,107

1,950

1,107

CURRENT ASSETS

Debtors

-

24,000

Cash at bank

57,628

40,617

57,628

64,617

CREDITORS

Amounts falling due within one year

29,666

33,670

NET CURRENT ASSETS

27,962

30,947

TOTAL ASSETS LESS CURRENT LIABILITIES

29,912

32,054

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

29,812

31,954

SHAREHOLDERS' FUNDS

29,912

32,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 4 September 2014 and were signed on its behalf by:

J F Thomas - 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 services, excluding value added tax.

Intangible assets

Formation costs are amortised 100% in the first period of trading.

Tangible fixed assets

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

Office equipment

-

20% on reducing balance

Computer equipment

-

33% on cost

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

179

AMORTISATION

At 1 May 2013

and 30 April 2014

179

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

1,523

Additions

1,847

At 30 April 2014

3,370

DEPRECIATION

At 1 May 2013

416

Charge for year

1,004

At 30 April 2014

1,420

NET BOOK VALUE

At 30 April 2014

1,950

At 30 April 2013

1,107

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £110,000 (2013 - £46,000) were paid to the directors .