Company Registration No. 6162936 (England and Wales)
PSG Refrigeration Limited
Unaudited accounts
for the year ended 31 March 2017
PSG Refrigeration Limited
Unaudited accounts
Contents
PSG Refrigeration Limited
Company Information
for the year ended 31 March 2017
Company Number
6162936 (England and Wales)
Registered Office
17 MONKSWOOD
LITTLEPORT
CAMBRIDGESHIRE
CB6 1JD
Accountants
Prime Bookkeeping Services
1 Pilgrims Way
Ely
Cambs
CB6 3DL
PSG Refrigeration Limited
Statement of financial position
as at 31 March 2017
Tangible assets
10,213
6,699
Cash at bank and in hand
19,353
18,633
Creditors: amounts falling due within one year
(38,982)
(29,134)
Net current liabilities
(4,448)
(1,868)
Called up share capital
3,837
3,837
Profit and loss account
1,928
994
Shareholders' funds
5,765
4,831
For the year ending 31 March 2017 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 31 October 2017.
Paul Green
Director
Company Registration No. 6162936
PSG Refrigeration Limited
Notes to the Accounts
for the year ended 31 March 2017
PSG Refrigeration Limited is a private company, limited by shares, registered in England and Wales, registration number 6162936. The registered office and principal place of business is 17 MONKSWOOD, LITTLEPORT, CAMBRIDGESHIRE, CB6 1JD.
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 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at 25% reducing balance methods in order to write off the assets over their estimated useful lives:
PSG Refrigeration Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
8,795
462
5,815
15,072
Additions
11,363
-
1,329
12,692
Disposals
(8,795)
-
-
(8,795)
At 31 March 2017
11,363
462
7,144
18,969
At 1 April 2016
4,396
309
3,668
8,373
Charge for the year
2,841
153
1,785
4,779
On disposals
(4,396)
-
-
(4,396)
At 31 March 2017
2,841
462
5,453
8,756
At 31 March 2017
8,522
-
1,691
10,213
At 31 March 2016
4,399
153
2,147
6,699
Trade debtors
14,621
8,003
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Creditors: amounts falling due within one year
2017
2016
Taxes and social security
5,677
-
Loans from directors
26,286
-
Allotted, called up and fully paid:
3,837 Ordinary shares of £1 each
3,837
3,837
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).
