Accounts filed on 31-07-2017


Registered number: 07701399






Principal Surveying & Project Services Ltd


ACCOUNTS

FOR THE YEAR ENDED 31/07/2017
























Prepared By:
MJ Accountancy Ltd
Suites 2 & 3 Bow Street Chambers
1/2 Bow Street
Rugeley
Staffs
WS15 2BT


Principal Surveying & Project Services Ltd


ACCOUNTS
FOR THE YEAR ENDED 31/07/2017





DIRECTORS
Mrs Charlotte Webster
Mr Lee Webster


REGISTERED OFFICE
C/o MJ Accountancy Ltd
Suites 2 & 3 Bow St Chambers, 1/2 Bow St
Rugeley
Staffordshire
WS15 2BT


COMPANY DETAILS
registered in England & Wales, registered number 07701399



ACCOUNTANTS
MJ Accountancy Ltd
Suites 2 & 3 Bow Street Chambers
1/2 Bow Street
Rugeley
Staffs
WS15 2BT


ACCOUNTS
FOR THEYEARENDED31/07/2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/07/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		2,365		1,866

CURRENT ASSETS
Stock		29,847		24,432
Debtors	4	43,436		8,829
Cash at bank and in hand		12,575		89,986
		85,858		123,247
CREDITORS: Amounts falling due within one year	5	65,561		112,709
NET CURRENT ASSETS			20,297		10,538
TOTAL ASSETS LESS CURRENT LIABILITIES			22,662		12,404

CAPITAL AND RESERVES

Called up share capital	7		1		1
Profit and loss account			22,661		12,403
SHAREHOLDERS' FUNDS			22,662		12,404

For the year ending 31/07/2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 10/10/2017 and signed on their behalf by



.............................
Mr Lee Webster
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	42,827	7,275
Prepayments	609	1,554
	43,436	8,829




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	17,079	17,837
VAT	9,687	13,936
PAYE control	1	39
Directors current account	32,587	76,712
Trade creditors	-	3,388
Accruals	6,207	797
	65,561	112,709




7. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
10 Ordinary shares of £0.10 each	1	1
	1	1

New shares issued during period:
9 Ordinary shares of £0.10 each	1	1