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Registered Number:07132980 |
For the year ended 28 February 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2018
PSC Mailing Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
PSC Mailing Ltd
Statement of Financial Position
2017
2018
14,000
16,000
2
Property, plant and equipment |
113,875
139,514
3
127,875
155,514
4,741
4,581
4
Trade and other receivables |
223,253
196,236
5
86,499
Cash and cash equivalents |
145,052
345,869
314,493
Trade and other payables: amounts falling due within one |
year |
(311,829)
(220,382)
6
2,664
125,487
Net current assets
Total assets less current liabilities |
253,362
158,178
253,362
Net assets
158,178
3
3
253,359
158,175
253,362
158,178
Shareholders' funds
For the year ended 28 February 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 25 April 2018 and were signed by: |
The notes form part of these financial statements |
1 of 4
4
For the year ended 28 February 2018
PSC Mailing Ltd
Notes to the Financial Statements
Statutory Information
PSC Mailing Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
07132980. |
Unit 8 Waters Business Park
Oil Sites Road
Ellesmere Port
CH65 4FF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 10 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2 of 4
5
For the year ended 28 February 2018
PSC Mailing Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
20,000
20,000
4,000
2,000
Charge for year
6,000
14,000
16,000
3. Property, plant and equipment |
200,298
4,275
5,398
190,625
9,417
-
-
9,417
200,042
5,398
4,275
209,715
Provision for depreciation and impairment |
60,784
4,039
1,756
54,989
Charge for year
35,056
236
910
33,910
95,840
4,275
2,666
88,899
111,143
2,732
-
113,875
135,636
3,642
236
139,514
2017
2018
4,581
4,741
5. Trade and other receivables |
2017
2018
196,236
223,253
3 of 4
6
For the year ended 28 February 2018
PSC Mailing Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2017
2018
106,240
77,107
Taxation and social security |
54,843
81,593
59,299
153,129
220,382
311,829
4 of 4