PRASCA LIMITED

PRASCA LIMITED

PRASCA LIMITED - Company Information

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PRASCA LIMITED

Company Registration Number:
09502575 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

PRASCA LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

PRASCA LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 15,000 30,000
Tangible assets: 4 21,824 6,401
Total fixed assets: 36,824 36,401
Current assets
Stocks: 22,750
Debtors: 5 1,125
Cash at bank and in hand: 9,852 34,208
Total current assets: 33,727 34,208
Creditors: amounts falling due within one year: 6 (44,573) (50,685)
Net current assets (liabilities): (10,846) (16,477)
Total assets less current liabilities: 25,978 19,924
Creditors: amounts falling due after more than one year: 7 (7,580)
Provision for liabilities:   (1,280)
Total net assets (liabilities): 18,398 18,644
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 18,298 18,544
Shareholders funds: 18,398 18,644

The notes form part of these financial statements

PRASCA LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2018
and signed on behalf of the board by:

Name: P Ayres
Status: Director

The notes form part of these financial statements

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 60,000
At 31 March 2018 60,000
Amortisation
At 01 April 2017 30,000
Charge for year 15,000
At 31 March 2018 45,000
Net book value
At 31 March 2018 15,000
At 31 March 2017 30,000

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 11,382
Additions 17,370
At 31 March 2018 28,752
Depreciation
At 01 April 2017 4,981
Charge for year 1,947
At 31 March 2018 6,928
Net book value
At 31 March 2018 21,824
At 31 March 2017 6,401

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Debtors

2018
£
Debtors due after more than one year: 1,125

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts 2018 349 2017 32Obligations under finance lease and hire purchase contracts 2018 2,588 2017 2,575Taxation and social security cots 2018 11,592 2017 8,570Other creditors 2018 30,044 2017 39,508

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

7. Creditors: amounts falling due after more than one year note

Obligations under finance lease and hire purchase contracts 2018 7,580 2017 0