P R UTILITIES ENGINEERING LTD - Period Ending 2016-06-30

Registration number: 09106208

P R UTILITIES ENGINEERING LTD

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

GRC Accountants Limited
Chartered Certified Accountants
166 BANKS ROAD
WEST KIRBY
WIRRAL
MERSEYSIDE
CH48 0RH

P R UTILITIES ENGINEERING LTD
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

P R UTILITIES ENGINEERING LTD
(Registration number: 09106208)
Abbreviated Balance Sheet at 30 June 2016

		Note			30 June 2016 £			30 June 2015 £
Fixed assets
Tangible fixed assets					6,888			3,692
Current assets
Debtors					2,881			5,960
Cash at bank and in hand					649			3,355
					3,530			9,315
Creditors: Amounts falling due within one year					(10,361)			(12,995)
Net current liabilities					(6,831)			(3,680)
Net assets					57			12
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					56			11
Shareholders' funds					57			12

For the year ending 30 June 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 23 March 2017 and signed on its behalf by:

.........................................
Mr P Rowlands
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

P R UTILITIES ENGINEERING LTD
Notes to the Abbreviated Accounts for the Year Ended 30 June 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 & Machinery	25% straight line
Office Equipment	25% straight line

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 2

P R UTILITIES ENGINEERING LTD
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		4,923			4,923
Additions		8,100			8,100
Disposals		(3,298)			(3,298)
At 30 June 2016		9,725			9,725
Depreciation
At 1 July 2015		1,231			1,231
Charge for the year		2,431			2,431
Eliminated on disposals		(825)			(825)
At 30 June 2016		2,837			2,837
Net book value
At 30 June 2016		6,888			6,888
At 30 June 2015		3,692			3,692

3	Share capital

Allotted, called up and fully paid shares

	30 June 2016						30 June 2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

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