Prestige Event Equipment Hire Ltd - Limited company - abbreviated - 11.6

Prestige Event Equipment Hire Ltd - Limited company - abbreviated - 11.6

PRESTIGE EVENT EQUIPMENT HIRE LTD - Company Information

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REGISTERED NUMBER: 07129876 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

FOR

PRESTIGE EVENT EQUIPMENT HIRE LTD

PRESTIGE EVENT EQUIPMENT HIRE LTD (REGISTERED NUMBER: 07129876)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

PRESTIGE EVENT EQUIPMENT HIRE LTD (REGISTERED NUMBER: 07129876)

ABBREVIATED BALANCE SHEET
31 JANUARY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 18,007 42,967

CURRENT ASSETS
Debtors 70,653 67,901
Cash at bank and in hand 125 8,013
70,778 75,914
CREDITORS
Amounts falling due within one year 181,168 175,447
NET CURRENT LIABILITIES (110,390 ) (99,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(92,383		 )
(56,566		 )

CREDITORS
Amounts falling due after more than one
year
(1,334		 )
(4,401		 )

PROVISIONS FOR LIABILITIES (5,239 ) (5,239 )
NET LIABILITIES (98,956 ) (66,206 )

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (99,056 ) (66,306 )
SHAREHOLDERS' FUNDS (98,956 ) (66,206 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 28 October 2014 and were signed by:





Miss L P Vincent - Director


The notes form part of these abbreviated accounts

Page 1
PRESTIGE EVENT EQUIPMENT HIRE LTD (REGISTERED NUMBER: 07129876)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding 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.

Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Equipment - 33% on cost

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
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Going concern
The company is reliant on the continued support of its director who has confirmed this continued support and will
not seek repayment of advances provided to the company until it is in a position to do so. On this basis the
accounts have been prepared on a going concern basis.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013 126,272
Additions 5,889
At 31 January 2014 132,161
DEPRECIATION
At 1 February 2013 83,305
Charge for year 30,849
At 31 January 2014 114,154
NET BOOK VALUE
At 31 January 2014 18,007
At 31 January 2013 42,967

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

4. GOING CONCERN

The director, LP Vincent, has confirmed her ongoing support to the company for the next 12 months.

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