Psb Steel Erecting Limited - Limited company accounts 16.1

REGISTERED NUMBER: 08165217 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2016

for

Psb Steel Erecting Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

P Salmon-burgess

SECRETARY:

REGISTERED OFFICE:

1, Horsefair Mews

Romsey

Hampshire

SO51 8JG

REGISTERED NUMBER:

08165217 (England and Wales)

ACCOUNTANTS:

123 Business Services

1, Horsefair Mews

Romsey

Hampshire

SO51 8JG

The director presents his report with the financial statements of the company for the year ended 31 August 2016.

INCORPORATION

The company was incorporated on 2 August 2012 .

DIRECTOR

P Salmon-burgess held office during the whole of the period from 1 September 2015 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:

P Salmon-burgess - Director

6 December 2016

TURNOVER

46,280

Cost of sales

6,931

GROSS PROFIT

39,349

Administrative expenses

28,778

OPERATING PROFIT

2

10,571

Interest receivable and similar income

7

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

10,578

Tax on profit on ordinary activities

3

1,813

PROFIT FOR THE FINANCIAL YEAR

8,765

FIXED ASSETS

Tangible assets

5

6,340

CURRENT ASSETS

Debtors

6

950

Cash at bank

3,188

4,138

CREDITORS

Amounts falling due within one year

7

10,142

NET CURRENT LIABILITIES

(6,004

)

TOTAL ASSETS LESS CURRENT LIABILITIES

336

CAPITAL AND RESERVES

Called up share capital

8

100

Profit and loss account

9

236

336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 6 December 2016 and were signed by:

P Salmon-burgess - 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.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

2,113

Director's remuneration and other benefits etc

12,129

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

£

Current tax:

UK corporation tax

1,813

Tax on profit on ordinary activities

1,813

4.

DIVIDENDS

£

shares of each

Final

8,750

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2015

14,050

Additions

2,180

At 31 August 2016

16,230

DEPRECIATION

At 1 September 2015

7,777

Charge for year

2,113

At 31 August 2016

9,890

NET BOOK VALUE

At 31 August 2016

6,340

At 31 August 2015

6,273

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

950

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

358

Taxation and social security

1,866

Other creditors

7,918

10,142

8.	CALLED UP SHARE CAPITAL

**	POSTING HAS BEEN MADE TO SHARE CAPITAL 1 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 1

THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON

BALANCE SHEET

9.

RESERVES

Profit

and loss

account

£

At 1 September 2015

221

Profit for the year

8,765

Dividends

(8,750

)

At 31 August 2016

236