Priority Rocks Ltd,Ltd - AccountsLtd - Accounts

Priority Rocks Ltd,Ltd - AccountsLtd - Accounts

PRIORITY ROCKS LTD - Company Information

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2017-01-01 08308992 2017-07-31 08308992 2017-01-01 2017-07-31 08308992 2016-12-31 08308992 2016-01-01 2016-12-31 08308992 uk-core:WithinOneYear 2016-12-31 08308992 uk-core:WithinOneYear 2017-07-31 08308992 uk-core:ShareCapital 2017-07-31 08308992 uk-core:ShareCapital 2016-12-31 08308992 uk-core:RetainedEarningsAccumulatedLosses 2017-07-31 08308992 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 08308992 uk-bus:Director1 2017-01-01 2017-07-31 iso4217:GBP 08308992 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-07-31 08308992 uk-bus:FRS102 2017-01-01 2017-07-31 08308992 uk-bus:FullAccounts 2017-01-01 2017-07-31 08308992 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-07-31
Priority Rocks Ltd
Registered Number:08308992
For the period 01 January 2017 to 31 July 2017
England and Wales
Unaudited Financial Statements
2
For the period 01 January 2017 to 31 July 2017
Priority Rocks Ltd
Contents Page
1
Statement of Financial Position
2
Notes to the Financial Statements
3
As at 31 July 2017
Priority Rocks Ltd
Statement of Financial Position
Registered Number :
08308992
£
£
2016
2017
Notes
Current assets
Trade and other receivables
-
1,425
2
35,874
Cash and cash equivalents
68,431
69,856
35,874
Trade and other payables: amounts falling due within one year
(28,913)
(42,814)
3
6,961
27,042
Net current assets
Total assets less current liabilities
27,042
6,961
27,042
Net assets
6,961
Capital and reserves
Called up share capital
100
100
Retained earnings
26,942
6,861
27,042
6,961
Shareholders' funds
For the period 01 January 2017 to 31 July 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 of its financial statements for the period 01 January 2017 to 31 July 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr S L Howie Director
These financial statements were approved and authorised for issue by the Board on 29 January 2018 and were signed by:
The notes form part of these financial statements
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4
For the period 01 January 2017 to 31 July 2017
Priority Rocks Ltd
Notes to the Financial Statements
Statutory Information
Priority Rocks Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 08308992.
Registered address:
64 Kenwood Gardens
Beckenham
BR3 6QZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Trade and other receivables
2016
2017
£
£
Trade debtors
1,425
-
3. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
24
30
Taxation and social security
7,871
2,548
Other creditors
34,919
26,335
42,814
28,913
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