Company Registration No. 3412802 (England and Wales)
Preton Limited
Unaudited accounts
for the year ended 31 December 2016
Preton Limited
Unaudited accounts
Contents
Preton Limited
Company Information
for the year ended 31 December 2016
Company Number
3412802 (England and Wales)
Registered Office
Flat One
28 Brunswick Square
Hove
BN3 1EJ
UK
Preton Limited
Statement of financial position
as at 31 December 2016
Cash at bank and in hand
9,266
33,508
Creditors: amounts falling due within one year
(4,500)
(35,501)
Net current assets/(liabilities)
4,766
(1,993)
Net assets/(liabilities)
4,907
(1,805)
Called up share capital
5
5
Profit and loss account
4,902
(1,810)
Shareholders' funds
4,907
(1,805)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 September 2017.
L Duffey
Director
Company Registration No. 3412802
Preton Limited
Notes to the Accounts
for the year ended 31 December 2016
Preton Limited is a private company, limited by shares, registered in England and Wales, registration number 3412802. The registered office and principal place of business is Flat One, 28 Brunswick Square, Hove, BN3 1EJ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover, which is stated net of value added tax, represents amounts invoiced to third
parties.
Tangible fixed assets policy
Depreciation is provided at 25% on written down value in order to write off the cost of each asset, less its estimated residual value, over its likely useful life.
Deferred taxation is provided on the liability method taking into account timing
differences to the extent that it is probable that an asset or liability will crystallise.
Preton Limited
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5
5
6
Average number of employees
During the year the average number of employees was 1 (2015: 1).
