Abbreviated Company Accounts - PROTECTIVE COATING SOLUTIONS LIMITED

PROTECTIVE COATING SOLUTIONS LIMITED - Company Information

06520432 PROTECTIVE COATING SOLUTIONS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06520432 2015-04-01 2016-03-31 06520432 2016-03-31 06520432 2015-03-31 06520432 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06520432 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06520432

PROTECTIVE COATING SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2016

PROTECTIVE COATING SOLUTIONS LIMITED Registered Number 06520432

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	558	1,927
		558	1,927
Current assets
Stocks		1,760	-
Debtors		74,181	1,480
Cash at bank and in hand		8,570	6,870
		84,511	8,350
Creditors: amounts falling due within one year		(70,259)	(1,346)
Net current assets (liabilities)		14,252	7,004
Total assets less current liabilities		14,810	8,931
Total net assets (liabilities)		14,810	8,931
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		14,710	8,831
Shareholders' funds		14,810	8,931

For the year ending 31 March 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 30 December 2016

And signed on their behalf by:
Patrick H F Atkinson, Director

PROTECTIVE COATING SOLUTIONS LIMITED Registered Number 06520432

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the net invoiced sales value of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:

Fixtures and fittings - 20% per annum on cost
Plant and equipment - 25% per annum on cost

Other accounting policies
Stock and work in progress

Stock and work in progress is stated at the lower of cost and net realisable value.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods from those in which thay are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2Tangible fixed assets

	£
Cost
At 1 April 2015	16,921
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,921
Depreciation
At 1 April 2015	14,994
Charge for the year	1,369
On disposals	-
At 31 March 2016	16,363
Net book values
At 31 March 2016	558
At 31 March 2015	1,927

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100