Prima Board Converters Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04374841 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

PRIMA BOARD CONVERTERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M W Roots

R P Wilcox

A K Hollowood

N L Reevell

P Reevell

Mrs A Boon

SECRETARY:

R P Wilcox

REGISTERED OFFICE:

Units 4 & 5, The Circuit

Babbage Road, Engineer Park

Sandycroft

Deeside

Flintshire

CH5 2QD

REGISTERED NUMBER:

04374841 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Tangible assets

2

383,460

377,321

CURRENT ASSETS

Stocks

362,225

339,057

Debtors

556,537

553,107

Cash at bank

76,636

70,545

995,398

962,709

CREDITORS

Amounts falling due within one year

3

725,091

751,644

NET CURRENT ASSETS

270,307

211,065

TOTAL ASSETS LESS CURRENT
LIABILITIES

653,767

588,386

CREDITORS

Amounts falling due after more than
one year

3

(2,049

)

(61,403

)

PROVISIONS FOR LIABILITIES

(66,356

)

(63,131

)

NET ASSETS

585,362

463,852

CAPITAL AND RESERVES

Called up share capital

4

27,400

31,600

Capital redemption reserve

12,600

8,400

Profit and loss account

545,362

423,852

SHAREHOLDERS' FUNDS

585,362

463,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 10 January 2017 and were
signed on its behalf by:

M W Roots - Director

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).

Turnover

Turnover represents the value of goods and services supplied during the year, exclusive of

value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

33.33% on cost

Office equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income

and are credited to the profit and loss over the estimated useful life of the assets to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

808,110

Additions

74,614

At 30 April 2016

882,724

DEPRECIATION

At 1 May 2015

430,789

Charge for year

68,475

At 30 April 2016

499,264

NET BOOK VALUE

At 30 April 2016

383,460

At 30 April 2015

377,321

3.

CREDITORS

Creditors include an amount of £ 174,101 (2015 - £ 249,045 ) for which security has been

given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

27,400

Ordinary

£1

27,400

31,600