P H Circuit Systems Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03746714 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2018

FOR

P H CIRCUIT SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountant

6

DIRECTOR:

P D Humphries

SECRETARY:

Mrs J L Humphries

REGISTERED OFFICE:

Tudor Court

The Sycamores

Bramhope

Leeds

West Yorkshire

LS16 9JR

REGISTERED NUMBER:

03746714 (England and Wales)

ACCOUNTANT:

W John Baker

4 Corbar Road

Davenport

Stockport

Cheshire

SK2 6EP

FIXED ASSETS

Tangible assets

4

20,299

27,583

CURRENT ASSETS

Debtors

5

1,436

1,432

Cash at bank

157

1,012

1,593

2,444

CREDITORS

Amounts falling due within one year

6

19,898

26,612

NET CURRENT LIABILITIES

(18,305

)

(24,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,994

3,415

PROVISIONS FOR LIABILITIES

7

244

298

NET ASSETS

1,750

3,117

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,650

3,017

SHAREHOLDERS' FUNDS

1,750

3,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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.

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 13 July 2018 and were signed by:

P D Humphries - Director

1.	STATUTORY INFORMATION

P H Circuit Systems 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

5% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2017

and 30 April 2018

139,678

49,350

189,028

DEPRECIATION

At 1 May 2017

113,728

47,717

161,445

Charge for year

6,984

300

7,284

At 30 April 2018

120,712

48,017

168,729

NET BOOK VALUE

At 30 April 2018

18,966

1,333

20,299

At 30 April 2017

25,950

1,633

27,583

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

1,333

1,333

Other debtors

103

99

1,436

1,432

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Taxation and social security

2,545

2,721

Other creditors

17,353

23,891

19,898

26,612

7.	PROVISIONS FOR LIABILITIES

30.4.18

30.4.17

£

£

Deferred tax

244

298

Deferred

tax

£

Balance at 1 May 2017

298

Provided during year

(54

)

Accelerated tax allowances

Balance at 30 April 2018

244

8.	ULTIMATE CONTROLLING PARTY

The director owns 55% of the issued shares.

At the year end he had loaned the company £15,638 (2017: £22,182)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2018 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

W John Baker

4 Corbar Road

Davenport

Stockport

Cheshire

SK2 6EP

13 July 2018