Primary Network Products (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05529842 (England and Wales)

Financial Statements

for the Year Ended 31 December 2017

for

Primary Network Products (UK) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C M Brown

D S Bridges

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

05529842 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

4,061

2,186

CURRENT ASSETS

Inventories

199,699

21,212

Debtors

6

71,020

51,132

Cash at bank

100,258

106,246

370,977

178,590

CREDITORS

Amounts falling due within one year

7

(303,862

)

(216,715

)

NET CURRENT ASSETS/(LIABILITIES)

67,115

(38,125

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,176

(35,939

)

CREDITORS

Amounts falling due after more than one year

8

(69,667

)

-

NET ASSETS/(LIABILITIES)

1,509

(35,939

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,309

(36,139

)

SHAREHOLDERS' FUNDS

1,509

(35,939

)

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 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.

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 10 September 2018 and were signed on its behalf by:

C M Brown - Director

1.	STATUTORY INFORMATION

Primary Network Products (UK) Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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.

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2017

-

7,188

7,188

Additions

3,228

-

3,228

At 31 December 2017

3,228

7,188

10,416

Depreciation

At 1 January 2017

-

5,002

5,002

Charge for year

807

546

1,353

At 31 December 2017

807

5,548

6,355

Net book value

At 31 December 2017

2,421

1,640

4,061

At 31 December 2016

-

2,186

2,186

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/17

31/12/16

£

£

Trade debtors

71,020

48,791

Other debtors

-

2,341

71,020

51,132

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/17

31/12/16

£

£

Trade creditors

60,064

63,043

Taxation and social security

6,910

1,665

Other creditors

236,888

152,007

303,862

216,715

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/17

31/12/16

£

£

Other creditors

69,667

-