Company Registration No. 03868962 (England and Wales)
Precom Technologies Ltd
Unaudited accounts
for the year ended 31 March 2017
Precom Technologies Ltd
Unaudited accounts
Contents
Precom Technologies Ltd
Company Information
for the year ended 31 March 2017
Directors
Geoffrey Cartwright
Darren Cartwright
Company Number
03868962 (England and Wales)
Registered Office
3 CHESTNUT COURT
FFORDD Y PARC, PARC MENAI
BANGOR
GWYNEDD
LL57 4FH
Accountants
Abacus Accountants
9 Ruthin Road
Denbigh
Denbighshire
LL16 3EH
Precom Technologies Ltd
Statement of financial position
as at 31 March 2017
Tangible assets
6,424
7,334
Cash at bank and in hand
13,551
27
Creditors: amounts falling due within one year
(6,456)
(11,058)
Net current assets
7,095
21,409
Called up share capital
100
100
Profit and loss account
13,419
28,643
Shareholders' funds
13,519
28,743
For the year ending 31 March 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 December 2017.
Darren Cartwright
Director
Company Registration No. 03868962
Precom Technologies Ltd
Notes to the Accounts
for the year ended 31 March 2017
Precom Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 03868962. The registered office is 3 CHESTNUT COURT, FFORDD Y PARC, PARC MENAI, BANGOR, GWYNEDD, LL57 4FH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
725
4,449
3,497
8,671
At 31 March 2017
1,162
4,449
3,497
9,108
At 1 April 2016
352
356
629
1,337
Charge for the year
504
327
516
1,347
At 31 March 2017
856
683
1,145
2,684
At 31 March 2017
306
3,766
2,352
6,424
At 31 March 2016
373
4,093
2,868
7,334
Precom Technologies Ltd
Notes to the Accounts
for the year ended 31 March 2017
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
262
6,534
Taxes and social security
6,194
3,680
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).
