P_R_M_C_LIMITED - Accounts

P.R.M.C. LIMITED - Company Information

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Company Registration No. 02345509 (England and Wales)

P R M C LIMITED

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

P R M C LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

P R M C LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,441

320

Current assets

Debtors

51,345

24,141

Cash at bank and in hand

45,858

62,569

97,203

86,710

Creditors: amounts falling due within one year

(100,613)

(86,999)

Net current liabilities

(3,410)

(289)

Total assets less current liabilities

Capital and reserves

Called up share capital

Shareholders' funds

The accompanying accounting policies and notes form part of these financial statements.

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 February 2017

Mr E Hagen

Director

Company Registration No. 02345509

P R M C LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Income

Income represents amounts receivable for maintenance charges for the year net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% straight line

Fixed assets

Tangible assets

Cost

At 1 June 2015

15,009

Additions

4,528

At 31 May 2016

19,537

Depreciation

At 1 June 2015

14,689

Charge for the year

1,407

At 31 May 2016

16,096

Net book value

At 31 May 2016

3,441

At 31 May 2015

320

Share capital

2016

2015

Allotted, called up and fully paid

31 Ordinary Shares of £1 each

Related party relationships and transactions

P R M C LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

Related party relationships and transactions

(Continued)

- 3 -

Directors interest in contracts

The director is the representative of businesses which are unit holders and shareholders.