Abbreviated Company Accounts - PRESTIGE BUILDING CONTRACTS LTD

Abbreviated Company Accounts - PRESTIGE BUILDING CONTRACTS LTD

PRESTIGE BUILDING CONTRACTS LTD - Company Information

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Registered Number NI613877

PRESTIGE BUILDING CONTRACTS LTD

Abbreviated Accounts

31 August 2016

PRESTIGE BUILDING CONTRACTS LTD Registered Number NI613877

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 1,999 -
Tangible assets 3 35,151 44,547
37,150 44,547
Current assets
Stocks 203,250 194,450
Debtors 1,329,228 553,768
Cash at bank and in hand 84,506 193,080
1,616,984 941,298
Creditors: amounts falling due within one year (1,388,670) (777,750)
Net current assets (liabilities) 228,314 163,548
Total assets less current liabilities 265,464 208,095
Creditors: amounts falling due after more than one year (9,790) (19,414)
Total net assets (liabilities) 255,674 188,681
Capital and reserves
Called up share capital 2 2
Profit and loss account 255,672 188,679
Shareholders' funds 255,674 188,681
  • For the year ending 31 August 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 11 April 2017

And signed on their behalf by:
Paul Hardy, Director
David Leahey, Director

PRESTIGE BUILDING CONTRACTS LTD Registered Number NI613877

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with United Kingdom generally accepted accounting practice, statute comprising the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Tangible assets depreciation policy
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:

Plant and machinery 25% per annum
Office equipment - 20% per annum
Furniture and fixtures - 25% per annum
Motor vehicles - 25% per annum

2Intangible fixed assets
£
Cost
At 1 September 2015 -
Additions 2,340
Disposals -
Revaluations -
Transfers -
At 31 August 2016 2,340
Amortisation
At 1 September 2015 -
Charge for the year 341
On disposals -
At 31 August 2016 341
Net book values
At 31 August 2016 1,999
At 31 August 2015 -
3Tangible fixed assets
£
Cost
At 1 September 2015 52,593
Additions 4,082
Disposals -
Revaluations -
Transfers -
At 31 August 2016 56,675
Depreciation
At 1 September 2015 8,046
Charge for the year 13,478
On disposals -
At 31 August 2016 21,524
Net book values
At 31 August 2016 35,151
At 31 August 2015 44,547