Company Registration No. 07896077 (England and Wales)
PAUL NEAL CABLE JOINTING SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
PAUL NEAL CABLE JOINTING SERVICES LTD
COMPANY INFORMATION
Directors
Mr P Neal
Mrs D Neal
Secretary
Mrs D M Neal
Company number
07896077
Registered office
Equinox House
Clifton Park Avenue
Shipton Road
York
YO30 5PA
Accountants
PCLG Limited
Chartered Accountants
Equinox House
Clifton Park Avenue
Shipton Road
York
YO30 5PA
Business address
16 Lawnway
YORK
Y031 1JD
Bankers
Lloyds Bank plc
2 The Pavement
York
YO1 2NE
PAUL NEAL CABLE JOINTING SERVICES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PAUL NEAL CABLE JOINTING SERVICES LTD
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
2,341
Current assets
Debtors
4
-
9,422
Cash at bank and in hand
17,959
33,388
17,959
42,810
Creditors: amounts falling due within one year
5
(4,990)
(16,302)
Net current assets
12,969
26,508
Total assets less current liabilities
12,969
28,849
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
12,959
28,839
Total equity
12,969
28,849
PAUL NEAL CABLE JOINTING SERVICES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2017
31 March 2017
- 2 -
As permitted by s444(5A) of the Companies Act 2006 the directors of the company have not delivered to the Registrar a copy of the Company's profit and loss account within the financial statements.
true
For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime
of the Companies Act 2006.
The financial statements were approved by the board of directors and authorised for issue on 22 December 2017 and are signed on its behalf by:
Mr P Neal
Director
Company Registration No. 07896077
PAUL NEAL CABLE JOINTING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
- 3 -
1
Accounting policies
Company information
Paul Neal Cable Jointing Services Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Equinox House, Clifton Park Avenue, Shipton Road, York, YO30 5PA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the year ended 31 March 2017
are the
first
financial statements of Paul Neal Cable Jointing Services Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover
represents amounts receivable for the value of work done excluding VAT.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% reducing balance
1.4
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks
.
1.5
Taxation
The tax expense represents the sum of the tax currently payable
.
PAUL NEAL CABLE JOINTING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
1
Accounting policies
(Continued)
- 4 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 2).
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2016
7,401
Disposals
(7,401)
At 31 March 2017
-
Depreciation and impairment
At 1 April 2016
5,060
Eliminated in respect of disposals
(5,060)
At 31 March 2017
-
Carrying amount
At 31 March 2017
-
At 31 March 2016
2,341
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
-
6,611
Other debtors
-
2,811
-
9,422
PAUL NEAL CABLE JOINTING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
- 5 -
5
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
-
1,644
Other taxation and social security
4,578
14,658
Other creditors
412
-
4,990
16,302
Included in other creditors due within one year is an amount of £412 (2016 - Nil) due to the directors of the company.
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
10 Ordinary shares of £1 each
10
10
10
10
7
Financial commitments, guarantees and contingent liabilities
There were no
financial commitments, guarantees or
contingent liabilities at 31 March 201
7
. (201
6
- nil).