Pressed Supplied Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09881692 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

PRESSED SUPPLIED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P J Burridge

SECRETARY:

Mrs E J Harvey

REGISTERED OFFICE:

Unit 1 Oakwood Business Park

Golden Cross

Hailsham

East Sussex

BN27 4AH

REGISTERED NUMBER:

09881692 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EE

CURRENT ASSETS

Debtors

4

25,784

48,396

CREDITORS

Amounts falling due within one year

5

28,333

49,645

NET CURRENT LIABILITIES

(2,549

)

(1,249

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,549

)

(1,249

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(2,550

)

(1,250

)

SHAREHOLDERS' FUNDS

(2,549

)

(1,249

)

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 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 and authorised for issue by the director on 31 August 2018 and were signed by:

P J Burridge - Director

1.	STATUTORY INFORMATION

Pressed Supplied 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 November 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 20 November 2015.

Turnover

Turnover represents gross wages and social security costs recharged in full to associated company.

Going concern

Accounting standards require the director to consider the appropriateness of the going concern basis when

preparing the financial statements. The director confirms that he considers that the going concern basis remains

appropriate. The director believes that the company has sufficient resources to continue in operational existence

for the foreseeable future. The director believes this to be the case as the company has the support of the

director and no significant long term liabilities. Thus he continues to adopt the going concern basis of accounting

in preparing the annual financial statements.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic

of Ireland":

- the requirements of Section 7 Statement of Cash Flows;

- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);

- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

25,784

48,396

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

25,783

48,395

Other creditors

2,550

1,250

28,333

49,645

6.	RELATED PARTY DISCLOSURES

Coolertech Ltd

Common control

During the year, the company recharged staff costs of £195,861 (2016: £209,891) to Coolertech Ltd. Coolertech

Ltd is a company under the control of the director, P Burridge. At the balance sheet date, £25,783 (2016:

£48,395) was due from Coolertech Ltd.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Burridge.

8.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit or loss.