Abbreviated Company Accounts - PREP & RECOVER LTD

Abbreviated Company Accounts - PREP & RECOVER LTD


Registered Number 09702341

PREP & RECOVER LTD

Abbreviated Accounts

31 July 2016

PREP & RECOVER LTD Registered Number 09702341

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016
£
Current assets
Debtors 712
Cash at bank and in hand 1,754
2,466
Creditors: amounts falling due within one year (2,465)
Net current assets (liabilities) 1
Total assets less current liabilities 1
Total net assets (liabilities) 1
Capital and reserves
Called up share capital 2 1
Shareholders' funds 1
  • For the year ending 31 July 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 12 December 2016

And signed on their behalf by:
Mr J R Themans, Director

PREP & RECOVER LTD Registered Number 09702341

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Other accounting policies
Government Grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£
1 Ordinary share of £1 each 1

At Incorporation 1 ordinary share of £1 was allotted and fully paid at par for cash consideration.