Prisma Dispersion Technology Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09883729 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

PRISMA DISPERSION TECHNOLOGY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

5

DIRECTORS:

T W Johnson

D Blundell

A G Johnson

C R Blundell

REGISTERED OFFICE:

Holehouse Mill

Marple Road

Chisworth

Glossop

Derbyshire

SK13 5DH

REGISTERED NUMBER:

09883729 (England and Wales)

ACCOUNTANTS:

A.Allen & Son Limited

45 Union Road

New Mills

High Peak

SK22 3EL

FIXED ASSETS

Tangible assets

4

8,404

10,505

8,404

10,505

CURRENT ASSETS

Stocks

27,000

27,000

Debtors

101,619

332,088

Cash at bank

622,636

772,429

751,255

1,131,517

CREDITORS

Amounts falling due within one year

174,500

748,639

NET CURRENT ASSETS

576,755

382,878

TOTAL ASSETS LESS CURRENT LIABILITIES

585,159

393,383

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

585,059

393,283

SHAREHOLDERS' FUNDS

585,159

393,383

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 22 August 2018 and were signed on its behalf by:

T W Johnson - Director

1.	STATUTORY INFORMATION

Prisma Dispersion Technology 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

The date of transition to FRS 102 (Section 1A) is 1st January 2016.

The transition to FRS 102 (Section 1A) for small companies has resulted in no change in accounting policies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2016

and 30 November 2017

12,859

DEPRECIATION

At 1 December 2016

2,354

Charge for year

2,101

At 30 November 2017

4,455

NET BOOK VALUE

At 30 November 2017

8,404

At 30 November 2016

10,505

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Prisma Dispersion Technology Limited for the year ended 30 November 2017 which comprise

the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Prisma Dispersion Technology Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prisma Dispersion Technology Limited and state those matters that we have agreed to state to the Board of Directors of Prisma Dispersion Technology Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prisma Dispersion Technology Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Prisma Dispersion Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prisma Dispersion Technology Limited. You consider that Prisma Dispersion Technology Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prisma Dispersion Technology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A.Allen & Son Limited

45 Union Road

New Mills

High Peak

SK22 3EL

22 August 2018