PRS_TELECOM_LIMITED - Accounts

PRS TELECOM LIMITED - Company Information

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Company Registration No. 04846533 (England and Wales)

PRS TELECOM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

PRS TELECOM LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PRS TELECOM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

23,660

5,583

Current assets

Stocks

24,068

9,068

Debtors

32,124

5,006

Cash at bank and in hand

76,997

56,199

91,071

Creditors: amounts falling due within one year

(66,751)

(59,613)

Net current liabilities/(assets)

(10,552)

31,458

Total assets less current liabilities

13,108

37,041

Creditors: amounts falling due after more than one year

(6,389)

Provisions for liabilities

(4,287)

(1,117)

2,432

35,924

Capital and reserves

Called up share capital

1,000

Profit and loss account

1,432

34,924

Shareholders' funds

2,432

35,924

PRS TELECOM LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

- 2 -

For the financial year ended 31 July 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 members have 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 11 April 2017

Mr P C J Gill

Director

Company Registration No. 04846533

PRS TELECOM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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:

Computer equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 August 2015

16,403

Additions

20,408

At 31 July 2016

36,811

Depreciation

At 1 August 2015

10,820

Charge for the year

2,331

At 31 July 2016

13,151

Net book value

At 31 July 2016

23,660

At 31 July 2015

5,583

PRS TELECOM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

510 Ordinary shares of £1 each

510

490 Ordinary A shares of £1 each

490

1,000