Abbreviated Company Accounts - PRIMARS COATINGS SERVICES LIMITED

PRIMARS COATINGS SERVICES LIMITED - Company Information

05190028 PRIMARS COATINGS SERVICES LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 05190028 2015-08-01 2016-07-31 05190028 2016-07-31 05190028 2015-07-31 05190028 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 05190028 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-07-31 iso4217:GBP shares

Registered Number 05190028

PRIMARS COATINGS SERVICES LIMITED

Abbreviated Accounts

31 July 2016

PRIMARS COATINGS SERVICES LIMITED Registered Number 05190028

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	33,347	13,731
		33,347	13,731
Current assets
Stocks		359,448	321,783
Debtors		116,229	-
Cash at bank and in hand		252,650	105,130
		728,327	426,913
Creditors: amounts falling due within one year		(742,030)	(243,888)
Net current assets (liabilities)		(13,703)	183,025
Total assets less current liabilities		19,644	196,756
Total net assets (liabilities)		19,644	196,756
Capital and reserves
Called up share capital	3	1,000	1,100
Profit and loss account		18,644	195,656
Shareholders' funds		19,644	196,756

For the year ending 31 July 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 28 April 2017

And signed on their behalf by:
C Postolache, Director

PRIMARS COATINGS SERVICES LIMITED Registered Number 05190028

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

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 follows:

Fixtures, fittings
and equipment - 20% reducing balance
Motor vehicles - 25% reducing balance

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value. These include cost of materials and labour plus attributable overheads.

Other accounting policies
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2Tangible fixed assets

	£
Cost
At 1 August 2015	42,235
Additions	29,907
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	72,142
Depreciation
At 1 August 2015	28,504
Charge for the year	10,291
On disposals	-
At 31 July 2016	38,795
Net book values
At 31 July 2016	33,347
At 31 July 2015	13,731

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

	2016 £	2015 £
0 B Ordinary shares of £1 each (100 shares for 2015)	0	100
1,000 Ordinary shares of £1 each	1,000	1,000