PRB Technical Limited Small abbreviated accounts

PRB Technical Limited Small abbreviated accounts

PRB TECHNICAL LIMITED - Company Information

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FY Private Limited Company Company accounts 2016-12-08 2016-12-08 false true false false false false false false false false false false true true 2015-05-01 true xbrli:pure xbrli:shares iso4217:GBP 08494784 2015-05-01 2016-04-30 08494784 2016-04-30 08494784 2015-04-30 08494784 2014-05-01 2015-04-30 08494784 2015-04-30 08494784 uk-gaap:PlantMachinery 2015-05-01 2016-04-30 08494784 uk-gaap:OfficeEquipment 2015-05-01 2016-04-30 08494784 uk-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 08494784 uk-bus:OrdinaryShareClass2 2015-05-01 2016-04-30 08494784 uk-bus:Director1 2015-05-01 2016-04-30 08494784 uk-gaap:AllSubsidiaries 2015-05-01 2016-04-30 08494784 uk-bus:OrdinaryShareClass1 2016-04-30 08494784 uk-bus:OrdinaryShareClass1 2015-04-30 08494784 uk-bus:OrdinaryShareClass2 2016-04-30 08494784 uk-bus:OrdinaryShareClass2 2015-04-30 08494784 uk-lang:English 2015-05-01 2016-04-30 08494784 uk-curr:PoundSterling 2015-05-01 2016-04-30
Company Registration Number 08494784
PRB Technical Limited
Unaudited Abbreviated Accounts
30 April 2016
PRB Technical Limited
Abbreviated Balance Sheet
30 April 2016
2016
2015
Note
£
£
£
Fixed Assets
2
Tangible assets
6,788
3,795
-------
-------
Current Assets
Debtors
690
470
Cash at bank and in hand
28,664
20,025
--------
--------
29,354
20,495
Creditors: Amounts Falling due Within One Year
( 15,010)
( 22,537)
--------
--------
Net Current Assets/(Liabilities)
14,344
( 2,042)
--------
-------
Total Assets Less Current Liabilities
21,132
1,753
--------
-------
Capital and Reserves
Called up equity share capital
4
2
2
Profit and loss account
21,130
1,751
--------
-------
Shareholders' Funds
21,132
1,753
--------
-------
For the year ended 30th April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 25 November 2016 , and are signed on their behalf by:
P R Bailey Director
Company Registration Number: 08494784
PRB Technical Limited
Notes to the Abbreviated Accounts
Year Ended 30th April 2016
1. Accounting Policies
Basis of Accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery-(530 - 539)
Equipment-25% Straight Line basis per annum
Deferred Taxation
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.
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.
2. Fixed Assets
Tangible Assets
£
Cost
At 1st May 2015
5,618
Additions
5,863
--------
At 30th April 2016
11,481
--------
Depreciation
At 1st May 2015
1,823
Charge for year
2,870
-------
At 30th April 2016
4,693
-------
Net Book Value
At 30th April 2016
6,788
-------
At 30th April 2015
3,795
-------
3. Related Party Transactions
The company was under the control of the directors P R Bailey and R E Bailey throughout the current period. During the period the directors, P R Bailey and R E Bailey, provided an interest free loan to the company. The amount outstanding at the year end was £ 65 (2015: £471). The loan has no formal repayment terms.
4. Share Capital
Allotted, called up and fully paid:
2016
2015
No.
£
No.
£
Ordinary A shares of £ 1 each
1
1
1
1
Ordinary B shares of £ 1 each
1
1
1
1
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2
2
2
2
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