Precomm Consultants Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02718249 (England and Wales)

PRECOMM CONSULTANTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C R Williams

K Williams

SECRETARY:

K Williams

REGISTERED OFFICE:

Greytown House

221-227 High Street

Orpington

Kent

BR6 0NZ

REGISTERED NUMBER:

02718249 (England and Wales)

BANKERS:

Natwest

11 High Street

Chislehurst

Kent

BR7 5AR

FIXED ASSETS

Tangible assets

2

305,170

1,835

CURRENT ASSETS

Debtors

29,120

150,253

Cash in hand

88,837

223,515

117,957

373,768

CREDITORS

Amounts falling due within one year

37,147

37,032

NET CURRENT ASSETS

80,810

336,736

TOTAL ASSETS LESS CURRENT LIABILITIES

385,980

338,571

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

385,880

338,471

SHAREHOLDERS' FUNDS

385,980

338,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 July 2014 and were signed on its behalf by:

C R Williams - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate

because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability

of the company to continue as a going concern.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

over three years

The period of the long leasehold is 120 years.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2012

7,655

Additions

307,559

At 31 July 2013

315,214

DEPRECIATION

At 1 August 2012

5,820

Charge for year

4,224

At 31 July 2013

10,044

NET BOOK VALUE

At 31 July 2013

305,170

At 31 July 2012

1,835

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary shares

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2013 and 31 July 2012:

2013

2012

£

£

C R Williams

Balance outstanding at start of year

116,629

-

Amounts advanced

671

210,000

Amounts repaid

(120,000

)

(93,371

)

Balance outstanding at end of year

(2,700

)

116,629