P J Smith Limited - Accounts to registrar (filleted) - small 17.3

P J Smith Limited - Accounts to registrar (filleted) - small 17.3

P J SMITH LIMITED - Company Information

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REGISTERED NUMBER: 05299001 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

P J SMITH LIMITED
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P J SMITH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2017







DIRECTOR: P J Smith





SECRETARY: I C Murray





REGISTERED OFFICE: 31-33 College Road
Harrow
Middlesex
HA1 1EJ





REGISTERED NUMBER: 05299001 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
31-33 College Road
Harrow
Middlesex
HA1 1EJ
Page 1
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

BALANCE SHEET
31ST MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 514 685

CURRENT ASSETS
Stocks 100 100
Debtors 5 7,367 7,432
Cash at bank 55,868 44,117
63,335 51,649
CREDITORS
Amounts falling due within one year 6 15,526 12,399
NET CURRENT ASSETS 47,809 39,250
TOTAL ASSETS LESS CURRENT
LIABILITIES
48,323
39,935

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48,322 39,934
SHAREHOLDERS' FUNDS 48,323 39,935

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 15th November 2017 and were signed by:




P J Smith - Director


The notes form part of these financial statements

Page 2
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017


1. STATUTORY INFORMATION

P J Smith 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 represents the value, net of value added tax and discounts, of goods provided to customers and work
carried out in respect of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Tax is recognised in the Profit and Loss AccountProfit and Loss Account, except to the extent that it relates to
items recognised in other comprehensive income or directly in equity.

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.

Pension costs and other post-retirement benefits
The company contributes to personal pension schemes for its employees. The assets of the scheme are held
independently of the company by a pension provider. The amount charged to the profit and loss account is the
contributions payable in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Page 3 continued...
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2016
and 31st March 2017 3,240
DEPRECIATION
At 1st April 2016 2,555
Charge for year 171
At 31st March 2017 2,726
NET BOOK VALUE
At 31st March 2017 514
At 31st March 2016 685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 7,367 7,432

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 15,427 11,937
Other creditors 99 462
15,526 12,399

7. FIRST YEAR ADOPTION

The director considers that no transition adjustments were necessary upon the adoption of Financial Reporting
Standards 102.

Page 4