PGS Electrical Contracting Services Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09451138 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2017

for

PGS Electrical Contracting Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P.G. Souster

REGISTERED OFFICE:

Harmile House

54 St Marys Lane

Upminster

Essex

RM14 2QP

BUSINESS ADDRESS:

10 Bridge Avenue

Upminster

Essex

RM14 2LX

REGISTERED NUMBER:

09451138 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,509

1,111

CURRENT ASSETS

Debtors

5

7,530

4,744

Cash at bank and in hand

1,018

623

8,548

5,367

CREDITORS

Amounts falling due within one year

6

6,579

5,962

NET CURRENT ASSETS/(LIABILITIES)

1,969

(595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,478

516

PROVISIONS FOR LIABILITIES

302

222

NET ASSETS

3,176

294

CAPITAL AND RESERVES

Called up share capital

7

3

3

Retained earnings

3,173

291

SHAREHOLDERS' FUNDS

3,176

294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 10 December 2017 and were signed by:

P.G. Souster - Director

1.	STATUTORY INFORMATION

PGS Electrical Contracting Services Ltd 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.

This is the first year the company has adopted FRS 102 and there has been no restatement of the prior year

results and the only changes required relate to presentation and disclosure within the financial statements.

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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% 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 6 April 2016

1,338

Additions

898

At 5 April 2017

2,236

DEPRECIATION

At 6 April 2016

227

Charge for year

500

At 5 April 2017

727

NET BOOK VALUE

At 5 April 2017

1,509

At 5 April 2016

1,111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Other debtors

7,530

4,744

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Taxation and social security

4,912

2,925

Other creditors

1,667

3,037

6,579

5,962

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.17

5.4.16

value:

£

£

3

Ordinary

£1

3

3