PCS Developments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01834950 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

PCS DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

R J Coke-Smyth

SECRETARY:

R J Coke-Smyth

REGISTERED OFFICE:

Yew Tree Cottage

Mansfield Yard

Fringford

Bicester

OX27 8DN

REGISTERED NUMBER:

01834950 (England and Wales)

ACCOUNTANTS:

CMB Partnership Limited

Chartered Accountants

Chapel House

1 Chapel Street

Guildford

Surrey

GU1 3UH

FIXED ASSETS

Tangible assets

4

2,078

3,180

CURRENT ASSETS

Debtors

5

183

14

Cash at bank

6,531

6,960

6,714

6,974

CREDITORS

Amounts falling due within one year

6

4,582

5,712

NET CURRENT ASSETS

2,132

1,262

TOTAL ASSETS LESS CURRENT LIABILITIES

4,210

4,442

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

3,210

3,442

SHAREHOLDERS' FUNDS

4,210

4,442

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.

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 8 December 2017 and were signed by:

R J Coke-Smyth - Director

1.	STATUTORY INFORMATION

PCS Developments 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 net invoiced sales of services.

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

-

20% on cost

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 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

5,300

Additions

2,598

At 31 March 2017

7,898

DEPRECIATION

At 1 April 2016

2,120

Charge for year

3,700

At 31 March 2017

5,820

NET BOOK VALUE

At 31 March 2017

2,078

At 31 March 2016

3,180

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

42

14

Other debtors

141

-

183

14

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

60

Taxation and social security

3,147

2,333

Other creditors

1,435

3,319

4,582

5,712

7.	FIRST YEAR ADOPTION

This is the first year that the Company has presented its financial statements under Section 1A "Small Entities" of

Financial Reporting Standard 102 issued by the Financial Reporting Council.

The last financial statements under previous UK GAAP were for the year ended 31 March 2016 and the date of

transition to FRS 102 was therefore 1 April 2015. As a consequence of adopting FRS 102, a number of

accounting policies have been updated to comply with the standard.

There were no transitional adjustments on first time adoption of FRS 102.

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of PCS Developments Limited for the year ended 31 March 2017 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PCS Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PCS Developments Limited and state those matters that we have agreed to state to the director of PCS Developments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PCS Developments Limited director for our work or for this report.

It is your duty to ensure that PCS Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PCS Developments Limited. You consider that PCS Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PCS Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CMB Partnership Limited

Chartered Accountants

Chapel House

1 Chapel Street

Guildford

Surrey

GU1 3UH

8 December 2017