PG Construction Consultants Limited - Period Ending 2016-03-31

Registration number: 06429290

PG Construction Consultants Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  for the Year Ended 31 March 2016
 

Appleby Randall Limited
AIMS Accountants for Business
82 Upper Hanover Street
Sheffield
South Yorkshire
S3 7RQ

PG Construction Consultants Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.

  Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
  PG Construction Consultants Limited
  for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PG Construction Consultants Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of PG Construction Consultants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of PG Construction Consultants Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PG Construction Consultants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that PG Construction Consultants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PG Construction Consultants Limited. You consider that PG Construction Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of PG Construction Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Appleby Randall Limited
AIMS Accountants for Business
82 Upper Hanover Street
Sheffield
South Yorkshire
S3 7RQ

29 December 2016

Page 1

PG Construction Consultants Limited
(Registration number: 06429290)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					159			563
Current assets
Debtors					6,451			2,088
Cash at bank and in hand					23,082			26,410
					29,533			28,498
Creditors: Amounts falling due within one year					(6,349)			(4,946)
Net current assets					23,184			23,552
Total assets less current liabilities					23,343			24,115
Provisions for liabilities					(33)			(113)
Net assets					23,310			24,002
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					23,308			24,000
Shareholders' funds					23,310			24,002

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 director acknowledges his 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 director on 29 December 2016

.........................................
Mr Peyman Ghasemi
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 2

PG Construction Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and equipment	33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

PG Construction Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		7,291			7,291
At 31 March 2016		7,291			7,291
Depreciation
At 1 April 2015		6,728			6,728
Charge for the year		404			404
At 31 March 2016		7,132			7,132
Net book value
At 31 March 2016		159			159
At 31 March 2015		563			563

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Mr Peyman Ghasemi (director of the company) During the year the director advanced monies to and incurred expenditure on behalf of the company. During the year the director and his wife received an aggregate of £4,500 (2015: £3,304) in dividends from the company. At the balance sheet date the amount due to Mr Peyman Ghasemi was £65 (2015 - £183).

Page 4