Principal Logistics Technologies Ltd - Abbreviated accounts 16.1
Principal Logistics Technologies Ltd - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Principal Logistics Technologies Ltd |
Abbreviated Unaudited Accounts |
for the Year Ended 31 December 2015 |
Principal Logistics Technologies Ltd (Registered number: SC470436) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Principal Logistics Technologies Ltd |
Company Information |
for the Year Ended 31 December 2015 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Principal Logistics Technologies Ltd (Registered number: SC470436) |
Abbreviated Balance Sheet |
31 December 2015 |
2015 | 2014 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 2 |
Profit and loss account | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 financial statements were approved by the director on |
Principal Logistics Technologies Ltd (Registered number: SC470436) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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 from systems sales represents the value of systems provided to customers. Income from |
systems sales is recognised at the point of delivery to the customer. |
Turnover from development of systems represents the value of work done during the period. |
Income from development is recognised as services are provided, |
Turnover from maintenance represents the value of maintenance contacts attributable to the |
period under review. Income is recognised over the term of maintenance contracts. |
Turnover from recharge of expenses represent the net invoice value of expenses recharged to |
customers. Income is recognised at the point that the company obtains the right to recover |
expenses. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
2. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | 1 |
3. | ULTIMATE PARENT COMPANY |
company's ultimate parent company. |