Prime Contractors Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07161479 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

for

Prime Contractors Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Divani

REGISTERED OFFICE:

Suite 109 Raydean House

15 Western Parade

Barnet

Hertfordshire

EN5 1AH

REGISTERED NUMBER:

07161479 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,713

981

CURRENT ASSETS

Debtors

48,473

35,226

Cash at bank

2,757

15,302

51,230

50,528

CREDITORS

Amounts falling due within one year

23,623

19,335

NET CURRENT ASSETS

27,607

31,193

TOTAL ASSETS LESS CURRENT LIABILITIES

29,320

32,174

CREDITORS

Amounts falling due after more than one year

20,000

20,000

NET ASSETS

9,320

12,174

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

9,310

12,164

SHAREHOLDERS' FUNDS

9,320

12,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 June 2017 and were signed by:

M Divani - Director

1.	STATUTORY INFORMATION

Prime Contractors Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

2,780

Additions

1,108

At 31 March 2017

3,888

DEPRECIATION

At 1 April 2016

1,799

Charge for year

376

At 31 March 2017

2,175

NET BOOK VALUE

At 31 March 2017

1,713

At 31 March 2016

981