Company Registration No. 09489332 (England and Wales)
Price Bros Surfacing Limited
Unaudited accounts
for the year ended 31 March 2018
Price Bros Surfacing Limited
Unaudited accounts
Contents
Price Bros Surfacing Limited
Company Information
for the year ended 31 March 2018
Directors
Mr Daniel Price
Mr Thomas Price
Company Number
09489332 (England and Wales)
Registered Office
THE FARMYARD ELMLEY ROAD
MINSTER ON SEA
KENT
ME123SS
UNITED KINGDOM
Accountants
Blue Sky Accountants Limited
Suite 2038
6 - 8 Revenge Road
Chatham
Kent
ME5 8UD
Price Bros Surfacing Limited
Statement of financial position
as at
31 March 2018
Tangible assets
180,886
120,542
Cash at bank and in hand
76,794
67,072
Creditors: amounts falling due within one year
(78,461)
(43,566)
Net current assets
258,788
186,347
Net assets
439,674
306,889
Called up share capital
100
100
Profit and loss account
439,574
306,789
Shareholders' funds
439,674
306,889
For the year ending 31 March 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 April 2018.
Mr Daniel Price
Director
Company Registration No. 09489332
Price Bros Surfacing Limited
Notes to the Accounts
for the year ended 31 March 2018
Price Bros Surfacing Limited is a private company, limited by shares, registered in England and Wales, registration number 09489332. The registered office is THE FARMYARD ELMLEY ROAD, MINSTER ON SEA, KENT, ME123SS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2017
-
173,877
173,877
Additions
81,041
14,394
95,435
At 31 March 2018
81,041
188,271
269,312
At 1 April 2017
-
53,335
53,335
Charge for the year
8,104
26,987
35,091
At 31 March 2018
8,104
80,322
88,426
At 31 March 2018
72,937
107,949
180,886
At 31 March 2017
-
120,542
120,542
Price Bros Surfacing Limited
Notes to the Accounts
for the year ended 31 March 2018
Trade debtors
224,367
111,272
Other debtors
36,088
51,569
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
78,461
43,566
7
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).