PC Turbine Controls Limited - Accounts to registrar (filleted) - small 18.2

PC Turbine Controls Limited - Accounts to registrar (filleted) - small 18.2

PC TURBINE CONTROLS LIMITED - Company Information

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REGISTERED NUMBER: 08332039 (England and Wales)
















PC TURBINE CONTROLS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017






PC TURBINE CONTROLS LIMITED (REGISTERED NUMBER: 08332039)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PC TURBINE CONTROLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTOR: P M Campbell





REGISTERED OFFICE: 4 Henley Way
Doddington Road
Lincoln
LN6 3QR





REGISTERED NUMBER: 08332039 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR
Page 1
PC TURBINE CONTROLS LIMITED (REGISTERED NUMBER: 08332039)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,420 33

CURRENT ASSETS
Debtors 5 99,155 26,091
Cash at bank 181,884 73,328
281,039 99,419
CREDITORS
Amounts falling due within one year 6 92,160 31,272
NET CURRENT ASSETS 188,879 68,147
TOTAL ASSETS LESS CURRENT LIABILITIES 190,299 68,180

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 190,199 68,080
SHAREHOLDERS' FUNDS 190,299 68,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 by the director on 28 September 2018 and were signed by:





P M Campbell - Director


The notes form part of these financial statements

Page 2
PC TURBINE CONTROLS LIMITED (REGISTERED NUMBER: 08332039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

PC Turbine Controls 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

The financial statements for the year ended 31 December 2016 are the first financial statements of PC Turbine
Controls Limited prepared in accordance with FRS 102. Adjustments required on transition are set out in the
notes to the financial statements.

Turnover
Turnover represents amounts charged to customers for services provided during the year. Revenue is
recognised in the period in which services are performed.

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 etc - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the
operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

Page 3 continued...
PC TURBINE CONTROLS LIMITED (REGISTERED NUMBER: 08332039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 1,087
Additions 1,533
At 31 December 2017 2,620
DEPRECIATION
At 1 January 2017 1,054
Charge for year 146
At 31 December 2017 1,200
NET BOOK VALUE
At 31 December 2017 1,420
At 31 December 2016 33

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 33,210 -
Other debtors 65,945 26,091
99,155 26,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 92,160 31,272

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has a directors loan account totalling £25,778 overdrawn brought forward (2016: £10,190
overdrawn). During the year, the directors of the company borrowed £178,570, (2016: £182,024) from the
company and repaid £138,404, (2016: £167,083). Interest was charged on the overdrawn amount in the year
of £nil (2016: £647). The balance at the end of the year totalled £65,945 overdrawn (2016: £25,778
overdrawn).

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