| P.S. BILLING LIMITED |
| Registered number: |
SC493585 |
| Balance Sheet |
| as at 31 January 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
|
|
|
- |
|
|
- |
| Tangible assets |
|
|
|
- |
|
|
- |
| Investments |
|
|
|
- |
|
|
- |
|
|
|
|
- |
|
|
- |
|
| Current assets |
| Stocks |
|
|
22,975 |
|
|
22,250 |
| Cash at bank and in hand |
|
|
3,945 |
|
|
1,657 |
|
|
|
26,920 |
|
|
23,907 |
|
| Creditors: amounts falling due within one year |
3 |
|
(19,735) |
|
|
(19,823) |
|
| Net current assets |
|
|
|
7,185 |
|
|
4,084 |
|
| Total assets less current liabilities |
|
|
|
7,185 |
|
|
4,084 |
|
|
|
|
| Net assets |
|
|
|
7,185 |
|
|
4,084 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Share premium |
|
|
|
- |
|
|
- |
| Profit and loss account |
|
|
|
7,085 |
|
|
3,984 |
|
| Shareholder's funds |
|
|
|
7,185 |
|
|
4,084 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| PALVINDER SINGH BILLING |
| Director |
| Approved by the board on 9 April 2018 |
|
| P.S. BILLING LIMITED |
| Notes to the Accounts |
| for the year ended 31 January 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. |
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
210 |
|
151 |
|
Accruals |
|
1,405 |
|
1,324 |
|
Taxation and social security costs |
3,022 |
|
3,250 |
|
Other creditors |
15,098 |
|
15,098 |
|
|
|
|
|
|
19,735 |
|
19,823 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
P.S. BILLING LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
C/o ASKARI & CO. LIMITED |
|
162 DARNLEY STREET |
|
GLASGOW |
|
|
G41 2LL |
