Princess Street Limited - Abbreviated accounts 16.3

Princess Street Limited - Abbreviated accounts 16.3

PRINCESS STREET LTD - Company Information

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REGISTERED NUMBER: 08517054 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 SEPTEMBER 2015 TO 31 MARCH 2016

FOR

PRINCESS STREET LIMITED

PRINCESS STREET LIMITED (REGISTERED NUMBER: 08517054)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 SEPTEMBER 2015 TO 31 MARCH 2016

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Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PRINCESS STREET LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2015 TO 31 MARCH 2016







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DIRECTOR: S Beech





REGISTERED OFFICE: 60 Oxford Street
Manchester
M1 5EE





REGISTERED NUMBER: 08517054 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH
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PRINCESS STREET LIMITED (REGISTERED NUMBER: 08517054)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31/3/16 31/8/15
Notes £    £   
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CURRENT ASSETS
Stocks 353,000 353,000
Debtors 497,296 2,886,537
Cash at bank 26,281 9,692
876,577 3,249,229
CREDITORS
Amounts falling due within one year 2 794,007 2,465,246
NET CURRENT ASSETS 82,570 783,983
TOTAL ASSETS LESS CURRENT
LIABILITIES
82,570
783,983

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 82,470 783,883
SHAREHOLDERS' FUNDS 82,570 783,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 26 August 2016 and were signed by:





S Beech - Director


The notes form part of these abbreviated accounts

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PRINCESS STREET LIMITED (REGISTERED NUMBER: 08517054)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 SEPTEMBER 2015 TO 31 MARCH 2016
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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).

Going concern
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. The company
therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

2. CREDITORS

Creditors include an amount of £ 638,502 (31/8/15 - £ 2,076,700 ) for which security has been given.

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/16 31/8/15
value: £    £   
100 Ordinary £1 100 100

4. ULTIMATE PARENT COMPANY

Beech Holdings (Manchester) Limited is regarded by the director as being the company's ultimate parent
company.

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