PCC Office Supplies Limited,Ltd - AccountsLtd - Accounts

PCC Office Supplies Limited,Ltd - AccountsLtd - Accounts

PCC OFFICE SUPPLIES LIMITED - Company Information

Print Friendly Version

2016-01-01 05845111 2016-12-31 05845111 2016-01-01 2016-12-31 05845111 2015-12-31 05845111 2015-01-01 2015-12-31 05845111 uk-core:WithinOneYear 2015-12-31 05845111 uk-core:WithinOneYear 2016-12-31 05845111 uk-core:AfterOneYear 2015-12-31 05845111 uk-core:AfterOneYear 2016-12-31 05845111 uk-core:ShareCapital 2016-12-31 05845111 uk-core:ShareCapital 2015-12-31 05845111 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 05845111 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 05845111 uk-bus:Director1 2016-01-01 2016-12-31 05845111 uk-core:Goodwill 2015-12-31 05845111 uk-core:Goodwill 2016-01-01 2016-12-31 05845111 uk-core:Goodwill 2016-12-31 05845111 uk-core:WithinOneYear 2016-12-31 05845111 uk-core:WithinOneYear 2015-12-31 05845111 uk-core:AfterOneYear 2016-01-01 2016-12-31 iso4217:GBP 05845111 uk-bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 05845111 uk-bus:FRS102 2016-01-01 2016-12-31 05845111 uk-bus:FullAccounts 2016-01-01 2016-12-31 05845111 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
PCC Office Supplies Limited
Registered Number:05845111
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
As at 31 December 2016
PCC Office Supplies Limited
Statement of Financial Position
Registered Number :
05845111
£
£
2015
2016
Notes
Fixed assets
Intangible assets
4,450
6,000
2
Property, plant and equipment
1,088
-
3
5,538
6,000
Current assets
Inventories
39,926
44,528
Trade and other receivables
21,798
5,434
4
8
Cash and cash equivalents
4,700
54,662
61,732
Trade and other payables: amounts falling due within one year
(59,761)
(26,462)
5
1,971
28,200
Net current assets
Total assets less current liabilities
33,738
7,971
Trade and other payables: amounts falling due after more than one
year
(111,282)
(144,381)
6
(110,643)
Net liabilities
(103,311)
Capital and reserves
Called up share capital
2
2
Retained earnings
(110,645)
(103,313)
(110,643)
(103,311)
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr R Oxborough Director
These financial statements were approved and authorised for issue by the Board on 27 September 2017 and were signed by:
1 of 5
3
For the year ended 31 December 2016
PCC Office Supplies Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
4
For the year ended 31 December 2016
PCC Office Supplies Limited
Notes to the Financial Statements
Statutory Information
PCC Office Supplies Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
05845111.
Registered address:
Rotherwood
Mary Tavy
Tavistock
Devon
PL19 9QB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
5
For the year ended 31 December 2016
PCC Office Supplies Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2016
20,000
Additions
500
At 31 December 2016
20,500
Amortisation
At 01 January 2016
14,000
2,050
Charge for year
At 31 December 2016
16,050
Net book value
At 31 December 2016
4,450
At 31 December 2015
6,000
3. Property, plant and equipment
Fixtures and
fittings
£
Cost or valuation
1,360
Additions
At 31 December 2016
1,360
Provision for depreciation and impairment
Charge for year
272
At 31 December 2016
272
At 31 December 2016
Net book value
1,088
4. Trade and other receivables
2015
2016
£
£
Trade debtors
5,009
21,798
Other debtors
425
-
21,798
5,434
4 of 5
6
For the year ended 31 December 2016
PCC Office Supplies Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Bank loans and overdraft
5,354
3,965
Trade creditors
12,414
24,438
Taxation and social security
-
689
Other creditors
8,694
30,669
26,462
59,761
6. Trade and other payables: amounts falling due after more than one year
2015
2016
£
£
Other creditors
144,381
111,282
Included in other long term creditors is the director loan account, totalling £126,429.
7. Directors advances and guarantees
The loans from the directors have no fixed repayment terms. The directors have agreed that repayment will only be made when
the company's cash flow can support any such repayments.
5 of 5