Paul Trudgian Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09283118 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Paul Trudgian Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P R Trudgian

REGISTERED OFFICE:

4 Linhay Close

Tregrehan Mills

St Austell

Cornwall

PL25 3TN

REGISTERED NUMBER:

09283118 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,288

1,402

CURRENT ASSETS

Debtors

24,524

23,940

Cash at bank

6,759

34,935

31,283

58,875

CREDITORS

Amounts falling due within one year

21,948

32,425

NET CURRENT ASSETS

9,335

26,450

TOTAL ASSETS LESS CURRENT LIABILITIES

10,623

27,852

PROVISIONS FOR LIABILITIES

245

267

NET ASSETS

10,378

27,585

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,278

27,485

SHAREHOLDERS' FUNDS

10,378

27,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 May 2018 and were signed by:

P R Trudgian - Director

1.	STATUTORY INFORMATION

Paul Trudgian 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.

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 each asset over its estimated useful life.

Equipment

-

20% on reducing balance

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2016

2,100

Additions

208

At 31 October 2017

2,308

DEPRECIATION

At 1 November 2016

698

Charge for year

322

At 31 October 2017

1,020

NET BOOK VALUE

At 31 October 2017

1,288

At 31 October 2016

1,402

5.	FIRST YEAR ADOPTION

The year ended 31 October 2017 is the first year of adoption of FRS 102, section 1A - The Financial Reporting

Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

There are no adjustments to the results as previously reported arising on the transition to FRS 102, section 1A.