P R ENGINEERING LIMITED

P R ENGINEERING LIMITED

P R ENGINEERING LIMITED - Company Information

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P R ENGINEERING LIMITED

Company Registration Number:
02994916 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

P R ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

P R ENGINEERING LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
13 months to 31 March 2016


£
£
Fixed assets
Tangible assets: 3 154,292 156,913
Total fixed assets: 154,292 156,913
Current assets
Stocks: 90,475 111,647
Debtors: 42,481 43,147
Cash at bank and in hand: 47,932 53,983
Total current assets: 180,888 208,777
Creditors: amounts falling due within one year: 4 (126,904) (141,913)
Net current assets (liabilities): 53,984 66,864
Total assets less current liabilities: 208,276 223,777
Creditors: amounts falling due after more than one year: 5 (67,168) (74,729)
Total net assets (liabilities): 141,108 149,048
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 141,008 148,948
Shareholders funds: 141,108 149,048

The notes form part of these financial statements

P R ENGINEERING LIMITED

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 December 2017
and signed on behalf of the board by:

Name: I P Roberts
Status: Director

The notes form part of these financial statements

P R ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of goods despatched and services rendered by the company in the ordinary course of business to outside clients, excluding Value Added Tax.

Tangible fixed assets and depreciation policy

All fixed assets are initially recorded at cost. Depreciation has been provided at the following rates in order to write off the assets less its estimated residual value over their estimated useful lives:Land & buildings2% straight linePlant & machinery10% straight lineFixtures & fittings10% straight lineComputer equipment33.3% straight line

Other accounting policies

Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation currencyThe accounts are presented in £ sterling.StocksStocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Foreign currenciesMonetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.Leased assetsRentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

P R ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

2017 13 months to 31 March 2016
Average number of employees during the period 5 5

P R ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


3. Tangible Assets

Total
Cost £
At 01 April 2016 200,329
Additions 2,256
At 31 March 2017 202,585
Depreciation
At 01 April 2016 43,416
Charge for year 4,877
At 31 March 2017 48,293
Net book value
At 31 March 2017 154,292
At 31 March 2016 156,913

P R ENGINEERING LIMITED


Notes to the Financial Statements


for the Period Ended 31 March 2017

4. Creditors: amounts falling due within one year note


Bank loans and overdrafts 7439Trade creditors 56499Taxes and social security 39454Other creditors 23512 ----------- 126904 ------------

P R ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

5. Creditors: amounts falling due after more than one year note


Bank loans 67168 ---------