P L Canter Plastering Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07650683 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2016 TO 31 MAY 2017

FOR

P L CANTER PLASTERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P L Canter

Mrs C Canter

REGISTERED OFFICE:

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

REGISTERED NUMBER:

07650683 (England and Wales)

ACCOUNTANTS:

Greenwood Wilson

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

FIXED ASSETS

Intangible assets

4

4,000

5,000

Tangible assets

5

5,471

7,612

9,471

12,612

CURRENT ASSETS

Debtors

6

21,900

20,388

Cash at bank

1,578

6,712

23,478

27,100

CREDITORS

Amounts falling due within one year

7

32,042

37,043

NET CURRENT LIABILITIES

(8,564

)

(9,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

907

2,669

CREDITORS

Amounts falling due after more than one year

8

805

2,973

NET ASSETS/(LIABILITIES)

102

(304

)

CAPITAL AND RESERVES

Called up share capital

9

102

102

Retained earnings

-

(406

)

SHAREHOLDERS' FUNDS

102

(304

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 December 2017 and were signed on its behalf by:

P L Canter - Director

1.	STATUTORY INFORMATION

P L Canter Plastering 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 May 2017

10,000

AMORTISATION

At 1 April 2016

5,000

Amortisation for period

1,000

At 31 May 2017

6,000

NET BOOK VALUE

At 31 May 2017

4,000

At 31 March 2016

5,000

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2016

and 31 May 2017

15,901

DEPRECIATION

At 1 April 2016

8,289

Charge for period

2,141

At 31 May 2017

10,430

NET BOOK VALUE

At 31 May 2017

5,471

At 31 March 2016

7,612

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,037

6,940

Other debtors

20,477

13,448

Prepayments and accrued income

386

-

21,900

20,388

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

1,166

4,967

Trade creditors

-

(2

)

Tax

3,590

1,590

Social security and other taxes

(183

)

93

CIS Tax

65

216

VAT

2,059

2,428

Directors' current accounts

23,795

26,221

Accruals and deferred income

1,550

1,530

32,042

37,043

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

805

2,973

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

102

102