PSLC (Trading) Limited
PSLC (Trading) Limited
Registered number: 09791123
Unaudited Financial Statements
For The Year Ended 31 October 2017
PSLC (Trading) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2017
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 3—4 |
PSLC (Trading) Limited
Balance Sheet
As at
31 October 2017
Balance Sheet
Registered number:
09791123
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 October 2017 | Period to 31 October 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 2 |
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| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| SHAREHOLDERS' FUNDS | 100 | 100 | |||
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Page 1
PSLC (Trading) Limited
Balance Sheet (continued)
As at
31 October 2017
The notes on pages 3 to 4 form part of these financial statements.
Page 2
PSLC (Trading) Limited
Notes to the Financial Statements
For The Year Ended 31 October 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
1.3.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.
Stocks
| 31 October 2017 | Period to 31 October 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - materials and work in progress | 12,250 | 11,500 | |
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3.
Debtors
| 31 October 2017 | Period to 31 October 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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PSLC (Trading) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2017
4.
Creditors: Amounts Falling Due Within One Year
| 31 October 2017 | Period to 31 October 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| Amounts owed to parent undertaking |
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5.
Share Capital
| 31 October 2017 | Period to 31 October 2016 | ||
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| Allotted, Called up and fully paid |
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6.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is PSLC (By Guarantee) Limited . PSLC (By Guarantee) Limited was incorporated in England. Copies of the group accounts may be obtained from the Secretary, Stuart Road, Pontefract WF8 4PQ .
7.
General Information
PSLC (Trading) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09791123 . The registered office is Stuart Road, Pontefract, WF8 4PQ.
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