Prestige Data Files Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02096433 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Prestige Data Files Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C C Irving

Mrs. L Irving

SECRETARY:

Mrs. L Irving

REGISTERED OFFICE:

29 Howard St

North Shields

Tyne and Wear

NE30 1AR

REGISTERED NUMBER:

02096433 (England and Wales)

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

752

457

753

458

CURRENT ASSETS

Stocks

350

350

Debtors

6

438

4,164

Cash at bank and in hand

4,215

6,828

5,003

11,342

CREDITORS

Amounts falling due within one year

7

9,129

16,571

NET CURRENT LIABILITIES

(4,126

)

(5,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,373

)

(4,771

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,473

)

(4,871

)

SHAREHOLDERS' FUNDS

(3,373

)

(4,771

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 12 February 2018 and were signed on its behalf by:

C C Irving - Director

1.	STATUTORY INFORMATION

Prestige Data Files 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 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost is defined as the expenditure incurred in bringing the product to its present location and

condition.

Net realisable value is defined as the estimated selling price less all costs to completion and costs

relating to sales of the products.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

1

NET BOOK VALUE

At 30 September 2017

1

At 30 September 2016

1

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

646

Additions

484

At 30 September 2017

1,130

DEPRECIATION

At 1 October 2016

189

Charge for year

189

At 30 September 2017

378

NET BOOK VALUE

At 30 September 2017

752

At 30 September 2016

457

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/17

30/9/16

£

£

Trade debtors

438

4,164

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/17

30/9/16

£

£

Trade creditors

-

2,796

Taxation and social security

66

72

Other creditors

9,063

13,703

9,129

16,571