PRD Technologies Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05993489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

PRD TECHNOLOGIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S A Adams

SECRETARY:

Mrs R Adams

REGISTERED OFFICE:

125 High Street

Odiham

Hook

Hampshire

RG29 1LA

REGISTERED NUMBER:

05993489 (England and Wales)

ACCOUNTANTS:

Goddard & Co

Chartered Accountants

125 High Street

Odiham

Hook

Hampshire

RG29 1LA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

2,461

-

2,461

CURRENT ASSETS

Debtors

6

191,924

199,598

Cash at bank

76,909

68,819

268,833

268,417

CREDITORS

Amounts falling due within one year

7

39,843

42,615

NET CURRENT ASSETS

228,990

225,802

TOTAL ASSETS LESS CURRENT LIABILITIES

228,990

228,263

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

227,990

227,263

SHAREHOLDERS' FUNDS

228,990

228,263

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 20 December 2017 and were signed by:

S A Adams - Director

1.	STATUTORY INFORMATION

PRD Technologies 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.

The company has adopted Financial Reporting Standard 102 section 1A with the effective date of transition

being 1 April 2015. The policies applied under the entity's previous accounting framework are not materially

different to FRS102 and have not impacted on equity or profit or loss.

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 represented the cost of businesses purchased in 2006 and 2010 which have previously been fully

amortised.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Foreign currencies

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 rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

15,163

AMORTISATION

At 1 April 2016

and 31 March 2017

15,163

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

15,287

DEPRECIATION

At 1 April 2016

12,826

Charge for year

2,461

At 31 March 2017

15,287

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

2,461

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

101,160

117,791

Other debtors

79,201

81,807

180,361

199,598

Amounts falling due after more than one year:

Other debtors

11,563

-

Aggregate amounts

191,924

199,598

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

5,137

8,516

Taxation and social security

19,417

18,961

Other creditors

15,289

15,138

39,843

42,615

8.	OTHER FINANCIAL COMMITMENTS

The total amount of other financial commitments is £59,522 (2016 £63,500).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

S A Adams

Balance outstanding at start of year

46,250

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

46,250

46,250