| Price Contractors Limited |
| Registered number: |
08018542 |
| Abbreviated Balance Sheet |
| as at 30 April 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,602 |
|
|
3,348 |
|
| Current assets |
| Debtors |
|
|
1,499 |
|
|
12,007 |
| Cash at bank and in hand |
|
|
4,853 |
|
|
2,594 |
|
|
|
6,352 |
|
|
14,601 |
|
| Creditors: amounts falling due within one year |
|
|
(4,997) |
|
|
(16,645) |
|
| Net current assets/(liabilities) |
|
|
|
1,355 |
|
|
(2,044) |
|
| Net assets |
|
|
|
3,957 |
|
|
1,304 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
3,956 |
|
|
1,303 |
|
| Shareholders' funds |
|
|
|
3,957 |
|
|
1,304 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr E J F Price |
| Director |
| Approved by the board on 15 November 2016 |
|
| Price Contractors Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers. The company is not registered for value added taxation. In respect of contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for ongong services is recognised by reference to the stage of completion. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equiment |
20% reducing balance |
|
Motor vehicles |
20% reducing balance |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2015 |
6,234 |
|
At 30 April 2016 |
6,234 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2015 |
2,886 |
|
Charge for the year |
746 |
|
At 30 April 2016 |
3,632 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2016 |
2,602 |
|
At 30 April 2015 |
3,348 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
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