Company Registration No. 07647494 (England and Wales)
PRIMA FABRICATIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
PRIMA FABRICATIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PRIMA FABRICATIONS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
90,956
117,146
Current assets
Stocks
23,879
27,011
Debtors
210,961
152,856
Cash at bank and in hand
200
49,914
235,040
229,781
Creditors: amounts falling due within one year
(202,659)
(263,580)
Net current assets/(liabilities)
32,381
(33,799)
Total assets less current liabilities
123,337
83,347
Provisions for liabilities
(7,157)
(9,973)
116,180
73,374
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
116,080
73,274
Shareholders' funds
116,180
73,374
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 August 2016
Mr D J Tomlin
Director
Company Registration No. 07647494
PRIMA FABRICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% reducing balance and straight line over 5.5 years
Fixtures, fittings & equipment
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015 & at 31 May 2016
233,413
Depreciation
At 1 June 2015
116,267
Charge for the year
26,190
At 31 May 2016
142,457
Net book value
At 31 May 2016
90,956
At 31 May 2015
117,146
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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