PCB Building Solutions Ltd - Abbreviated accounts 16.3
PCB Building Solutions Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 29 February 2016 |
| for |
| PCB BUILDING SOLUTIONS LTD |
| PCB BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07954372) |
| Contents of the Abbreviated Accounts |
| for the year ended 29 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| PCB BUILDING SOLUTIONS LTD |
| Company Information |
| for the year ended 29 February 2016 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| PCB BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07954372) |
| Abbreviated Balance Sheet |
| 29 February 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Current assets |
| Stocks |
| Debtors |
| Cash at bank |
| Creditors |
| Amounts falling due within one year |
| Net current assets/(liabilities) | ( |
) |
| Total assets less current liabilities | ( |
) |
| Provisions for liabilities |
| Net assets/(liabilities) | ( |
) |
| Capital and reserves |
| Called up share capital | 4 |
| 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 |
| PCB BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07954372) |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 2016 |
| 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 represents amounts invoiced during the year, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 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 where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay |
| less or to receive more tax, with the following exceptions: |
| Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and |
| gains on disposals of fixed assets that have been rolled over into replacement assets, only to the extent that, at the |
| balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made |
| where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be |
| rolled over into replacement assets and charged to tax only where the replacement assets are sold. |
| Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will |
| be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which |
| timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
| Hire purchase agreements |
| Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. |
| The capital element of the future payments is treated as a liability and the interest is charged to the Profit and Loss Account |
| at a constant rate of charge on the balance of capital repayments outstanding. |
| Financial instruments |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements |
| entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after |
| deducting all of its financial liabilities. |
| Where the contractual obligations of the financial instruments (including share capital) are equivalent to a similar debt |
| instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the |
| Balance Sheet. Finance costs and gains or losses relating to financial liabilities are included in the Profit and Loss Account. |
| Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. |
| Where the contractual terms of the share capital do not have any terms meeting the definition of a financial liability then |
| this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited directly to |
| equity. |
| PCB BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07954372) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 29 February 2016 |
| 2. | Intangible fixed assets |
| Total |
| £ |
| Cost |
| At 1 March 2015 |
| and 29 February 2016 |
| Amortisation |
| At 1 March 2015 |
| Amortisation for year |
| At 29 February 2016 |
| Net book value |
| At 29 February 2016 |
| At 28 February 2015 |
| 3. | Tangible fixed assets |
| Total |
| £ |
| Cost |
| At 1 March 2015 |
| Additions |
| At 29 February 2016 |
| Depreciation |
| At 1 March 2015 |
| Charge for year |
| At 29 February 2016 |
| Net book value |
| At 29 February 2016 |
| At 28 February 2015 |
| 4. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | Director's advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 29 February 2016 and |
| 28 February 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| PCB BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07954372) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 29 February 2016 |
| 5. | Director's advances, credits and guarantees - continued |
| No interest is charged on this amount and it is repayable on demand. |