Priory Translations Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03760656 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

PRIORY TRANSLATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J C McGilley

SECRETARY:

Mrs B Astell

REGISTERED OFFICE:

The Lodge

Beacon End Farmhouse

London Road, Stanway

Colchester

Essex

CO3 0NQ

REGISTERED NUMBER:

03760656 (England and Wales)

ACCOUNTANTS:

Richard Edwards Group LLP

Chartered Certified Accountants

The Maltings

Rosemary Lane

Halstead

Essex

CO9 1HZ

FIXED ASSETS

Tangible assets

2

9,244

5,605

CURRENT ASSETS

Stocks

500

Debtors

45,464

48,934

Cash at bank

89,635

76,679

135,599

126,113

CREDITORS

Amounts falling due within one year

60,414

37,798

NET CURRENT ASSETS

75,185

88,315

TOTAL ASSETS LESS CURRENT LIABILITIES

84,429

93,920

PROVISIONS FOR LIABILITIES

1,848

1,121

NET ASSETS

82,581

92,799

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

72,581

82,799

SHAREHOLDERS' FUNDS

82,581

92,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 21 July 2016 and were signed by:

J C McGilley - 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

The company's turnover represents the value, excluding value added tax, of goods and services supplied to

customers during the year.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

21,105

Additions

5,256

At 30 April 2016

26,361

DEPRECIATION

At 1 May 2015

15,500

Charge for year

1,617

At 30 April 2016

17,117

NET BOOK VALUE

At 30 April 2016

9,244

At 30 April 2015

5,605

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

9,500

Ordinary "A"

£1

9,500

500

Ordinary "B"

£1

500

10,000