Abbreviated Company Accounts - PERFECT RETAIL SOLUTION LTD

PERFECT RETAIL SOLUTION LTD - Company Information

08584796 PERFECT RETAIL SOLUTION LTD 2016-06-30 false 2015-07-01 2016-06-30 true 08584796 2015-07-01 2016-06-30 08584796 2016-06-30 08584796 2015-06-30 08584796 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 08584796 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 08584796

PERFECT RETAIL SOLUTION LTD

Abbreviated Accounts

30 June 2016

PERFECT RETAIL SOLUTION LTD Registered Number 08584796

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	1,970	2,318
		1,970	2,318
Current assets
Stocks		18,080	9,227
Debtors		4,349	3,595
Cash at bank and in hand		-	2,374
		22,429	15,196
Creditors: amounts falling due within one year		(24,326)	(8,779)
Net current assets (liabilities)		(1,897)	6,417
Total assets less current liabilities		73	8,735
Total net assets (liabilities)		73	8,735
Capital and reserves
Called up share capital	3	100	100
Other reserves		19,093	27,565
Profit and loss account		(19,120)	(18,930)
Shareholders' funds		73	8,735

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 31 March 2017

And signed on their behalf by:
ANEES KHAN, Director
AQEEL MOHAMMED, Director

PERFECT RETAIL SOLUTION LTD Registered Number 08584796

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoiced value,excluding value added tax, of sales during the year.
The total turnover of the company for the year has been derived from its principal activity wholly
undertaken in UK.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset
over its expected useful life, as follow:

Valuation information and policy
Financial Instruments:
Financial instruments are classified and accounted for, according to the substance of contractual
arrangements, as either financial assets, financial liabilities or equity instruments, as defined in FRS
25, Financial Instruments: Disclosure and Presentation. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities.

Other accounting policies
Pensions:
The pension cost charged in the financial statements represents the contibution payable by the
company during the year in accordance with SSAP 24.
The regular cost of providing retirement pensions and related benefits is charged to the profit and
loss account over the employee's service lives on the basis of a constant percentage of earnings.

2Tangible fixed assets

	£
Cost
At 1 July 2015	3,208
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	3,208
Depreciation
At 1 July 2015	890
Charge for the year	348
On disposals	-
At 30 June 2016	1,238
Net book values
At 30 June 2016	1,970
At 30 June 2015	2,318

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100