PRD Technologies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05993489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

PRD TECHNOLOGIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S A Adams

SECRETARY:

Mrs R Adams

REGISTERED OFFICE:

Church Street

Odiham

Hook

Hampshire

RG29 1LU

REGISTERED NUMBER:

05993489 (England and Wales)

ACCOUNTANTS:

Goddard & Co

Chartered Accountants

Church Street

Odiham

Hook

Hampshire

RG29 1LU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

-

-

-

CURRENT ASSETS

Debtors

6

244,729

191,924

Cash at bank

159,627

76,909

404,356

268,833

CREDITORS

Amounts falling due within one year

7

73,504

39,843

NET CURRENT ASSETS

330,852

228,990

TOTAL ASSETS LESS CURRENT LIABILITIES

330,852

228,990

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

329,852

227,990

330,852

228,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 20 December 2018 and were signed by:

S A Adams - Director

1.	STATUTORY INFORMATION

PRD Technologies 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill represented the cost of businesses purchased in 2006 and 2010 which have previously been fully

amortised.

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

-

20% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

15,163

AMORTISATION

At 1 April 2017

and 31 March 2018

15,163

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

15,287

DEPRECIATION

At 1 April 2017

and 31 March 2018

15,287

NET BOOK VALUE

At 31 March 2018

-

6.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

147,400

101,160

Other debtors

85,766

79,201

233,166

180,361

Amounts falling due after more than one year:

Other debtors

11,563

11,563

Aggregate amounts

244,729

191,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,361

5,137

Taxation and social security

30,292

19,417

Other creditors

36,851

15,289

73,504

39,843

8.	OTHER FINANCIAL COMMITMENTS

The total amount of other financial commitments is £41,267 (2017 £59,522).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

S A Adams

Balance outstanding at start of year

46,250

46,250

Amounts advanced

6,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,250

46,250