Pbc Design And Construction Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 09427380 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Pbc Design And Construction Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mr R Silver

REGISTERED OFFICE:

C/o BSM (UK) Accounants

Unit 9, Creekmouth Industrial Estate

57 River Road

Barking

Essex

IG11 0DA

REGISTERED NUMBER:

09427380 (England and Wales)

ACCOUNTANTS:

BSM (U.K) Accountants Ltd

The director presents his report with the financial statements of the company for the year ended 28 February 2017.

INCORPORATION

The company was incorporated on 6 February 2015 and commenced trading on 1 March 2015.

DIRECTOR

Mr R Silver held office during the whole of the period from 29 February 2016 to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr R Silver - Director

12 April 2017

TURNOVER

135,878

Cost of sales

43,102

GROSS PROFIT

92,776

Distribution costs

3,071

Administrative expenses

69,431

72,502

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

20,274

Tax on profit on ordinary activities

3

-

PROFIT FOR THE FINANCIAL YEAR

20,274

FIXED ASSETS

Tangible assets

4

13,448

CURRENT ASSETS

Debtors

5

14,000

Cash at bank

8,293

22,293

CREDITORS

Amounts falling due within one year

6

7,988

NET CURRENT ASSETS

14,305

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,753

CAPITAL AND RESERVES

Called up share capital

7

100

Profit and loss account

8

27,653

SHAREHOLDERS' FUNDS

27,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 12 April 2017 and were signed by:

Mr R Silver - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

2,952

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year.

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 29 February 2016

and 28 February 2017

4,100

12,300

16,400

DEPRECIATION

Charge for year

738

2,214

2,952

At 28 February 2017

738

2,214

2,952

NET BOOK VALUE

At 28 February 2017

3,362

10,086

13,448

At 28 February 2016

4,100

12,300

16,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

14,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

6,090

VAT

898

Accrued expenses

1,000

7,988

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

8.

RESERVES

Profit

and loss

account

£

At 29 February 2016

7,379

Profit for the year

20,274

At 28 February 2017

27,653