P.R.E Building Solutions Limited,Ltd - AccountsLtd - Accounts

P.R.E. BUILDING SOLUTIONS LTD - Company Information

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P.R.E Building Solutions Limited

Registered Number:09460815

For the year ended 28 February 2017

England and Wales

Unaudited Financial Statements

As at 28 February 2017

P.R.E Building Solutions Limited

Statement of Financial Position

Registered Number :

09460815

2016

2017

Notes

Fixed assets

Property, plant and equipment

288

Current assets

Trade and other receivables

16,552

16,757

11,779

Cash and cash equivalents

1,262

18,019

28,331

Trade and other payables: amounts falling due within one

year

(24,900)

(18,008)

3,431

Net current assets

Total assets less current liabilities

299

3,431

(58)

Provisions for liabilities

241

Net assets

3,431

Capital and reserves

Called up share capital

Retained earnings

231

3,421

241

3,431

Shareholders' funds

For the year ended 28 February 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 of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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.

Mr Philip Edwards Director

These financial statements were approved and authorised for issue by the Board on 30 November 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 28 February 2017

P.R.E Building Solutions Limited

Notes to the Financial Statements

Statutory Information

P.R.E Building Solutions Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 09460815.

Registered address:

Meeson House

76 Pinfold Lane

Penkridge

Staffordshire

ST19 5AP

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2. Property, plant and equipment

Plant and

machinery

Cost or

valuation

330

Additions

At 28 February 2017

330

Provision for depreciation and impairment

Charge for year

At 28 February 2017

Net book value

288

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For the year ended 28 February 2017

P.R.E Building Solutions Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2016

2017

Trade debtors

4,517

7,781

Other debtors

12,240

8,771

16,552

16,757

4. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft

1,461

1,736

Trade creditors

11,172

Taxation and social security

4,675

14,497

Other creditors

700

8,661

18,008

24,900

5. Directors advances and guarantees

Repaid

Loaned

At 01/03/2016

At 28/02/2017

Mr Philip Edwards

Interest Free Loan

2,347

(7,811)

35,659

25,501

2,347

(7,811)

35,659

25,501

6. Guarantees and other financial commitments

Lease commitments

At 28 February 2017 the company had annual commitments under non-cancellable operating leases as set out

below:

2016

2017

Operating leases which expire:

1,829

Within 1 year

1,829

Within 2 to 5 years

1,829

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