Abbreviated Company Accounts - PCS CONTRACTS (SURREY) LTD

PCS CONTRACTS (SURREY) LTD - Company Information

08401817 PCS CONTRACTS (SURREY) LTD 2016-02-28 false 2015-03-01 2016-02-28 true 08401817 2015-03-01 2016-02-28 08401817 2016-02-28 08401817 2015-02-28 08401817 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 08401817 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 08401817

PCS CONTRACTS (SURREY) LTD

Abbreviated Accounts

28 February 2016

PCS CONTRACTS (SURREY) LTD Registered Number 08401817

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	148	198
		148	198
Current assets
Stocks		-	3,870
Debtors		56,342	38,250
Cash at bank and in hand		-	407
		56,342	42,527
Creditors: amounts falling due within one year		(73,468)	(41,969)
Net current assets (liabilities)		(17,126)	558
Total assets less current liabilities		(16,978)	756
Provisions for liabilities		-	(40)
Total net assets (liabilities)		(16,978)	716
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(16,980)	714
Shareholders' funds		(16,978)	716

For the year ending 28 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 August 2016

And signed on their behalf by:
E Mumford, Director

PCS CONTRACTS (SURREY) LTD Registered Number 08401817

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared on a going concern basis based on the assumption of the ongoing support of the directors.

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 policy
Turnover represents net invoiced sales of electrical contracting services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Other accounting policies
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.

Going concern
The company is technically insolvent and remains a going concern on the basis of the ongoing support from the directors. In consequence of this, the accounts have been prepared on a going concern basis.

2Tangible fixed assets

	£
Cost
At 1 March 2015	264
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	264
Depreciation
At 1 March 2015	66
Charge for the year	50
On disposals	-
At 28 February 2016	116
Net book values
At 28 February 2016	148
At 28 February 2015	198

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2