Prestige Renovations Limited,Ltd - Accounts

Prestige Renovations Limited,Ltd - Accounts

PENDLEY LIMITED - Company Information

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2015-02-01 true false Private Limited Company 04359290 2016-01-31 04359290 2015-02-01 2016-01-31 04359290 2015-01-31 04359290 2014-02-01 2015-01-31 04359290 uk-bus:Director1 2015-02-01 2016-01-31 04359290 uk-gaap:CommercialMotorVehicles 2015-02-01 2016-01-31 iso4217:GBP
Prestige Renovations Limited
For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04359290
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Contents Page
Prestige Renovations Limited
For the year ended 31 January 2016
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Prestige Renovations Limited
Chartered Accountants' Report
For the year ended 31 January 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Prestige Renovations Limited for the year ended 31 January 2016 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its
ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Prestige Renovations Limited, as a body, in accordance with
the terms of our engagement letter dated 19 August 2004. Our work has been undertaken solely to prepare for your
approval the accounts of Prestige Renovations Limited and state those matters that we have agreed to state to the
Board of Directors of Prestige Renovations Limited, as a body, in this report in accordance with AAF 2/10 as
detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than Prestige Renovations Limited and its Board of Directors as a body for our work or for this
report.
It is your duty to ensure that Prestige Renovations Limited has kept adequate accounting records to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Prestige
Renovations Limited. You consider that Prestige Renovations Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Prestige Renovations Limited. For
this reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brevins Limited
23 Porters Wood
St Albans
Hertfordshire
AL3 6PQ
27 October 2016
Dated:
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4
Abbreviated Balance Sheet
Prestige Renovations Limited
As at 31 January 2016
04359290
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
8,719
11,625
8,719
11,625
Current assets
Cash at bank and in hand
47,037
31,869
47,037
31,869
Creditors: amounts falling due within one year
(19,620)
(32,672)
12,249
14,365
Net current assets
Total assets less current liabilities
23,084
23,874
23,084
Net assets
23,874
Capital and reserves
Called up share capital
2
2
Profit and loss account
23,082
23,872
23,084
23,874
Shareholders funds
For the year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges her 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.
Date approved by the board: 27 October 2016
Miss J Oakes Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Prestige Renovations Limited
For the year ended 31 January 2016
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles
25% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
15,500
At 01 February 2015
At 31 January 2016
15,500
Depreciation
3,875
At 01 February 2015
2,906
Charge for year
6,781
At 31 January 2016
Net book values
At 31 January 2016
8,719
11,625
At 31 January 2015
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