PS Engineering Limited - Accounts to registrar (filleted) - small 18.1

PS Engineering Limited - Accounts to registrar (filleted) - small 18.1


PTP Accounts Productionv18.1.2.3104491252Board of Directors1.8.1731.7.1831.7.18falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044912522017-07-31044912522018-07-31044912522017-08-012018-07-31044912522016-07-31044912522016-08-012017-07-31044912522017-07-3104491252ns15:EnglandWales2017-08-012018-07-3104491252ns14:PoundSterling2017-08-012018-07-3104491252ns10:Director12017-08-012018-07-3104491252ns10:PrivateLimitedCompanyLtd2017-08-012018-07-3104491252ns10:SmallEntities2017-08-012018-07-3104491252ns10:AuditExempt-NoAccountantsReport2017-08-012018-07-3104491252ns10:SmallCompaniesRegimeForDirectorsReport2017-08-012018-07-3104491252ns10:SmallCompaniesRegimeForAccounts2017-08-012018-07-3104491252ns10:FullAccounts2017-08-012018-07-3104491252ns10:Director22017-08-012018-07-3104491252ns10:RegisteredOffice2017-08-012018-07-3104491252ns5:CurrentFinancialInstruments2018-07-3104491252ns5:CurrentFinancialInstruments2017-07-3104491252ns5:ShareCapital2018-07-3104491252ns5:ShareCapital2017-07-3104491252ns5:RetainedEarningsAccumulatedLosses2018-07-3104491252ns5:RetainedEarningsAccumulatedLosses2017-07-3104491252ns5:PlantMachinery2017-08-012018-07-3104491252ns5:FurnitureFittings2017-08-012018-07-3104491252ns5:ComputerEquipment2017-08-012018-07-3104491252ns5:PlantMachinery2017-07-3104491252ns5:FurnitureFittings2017-07-3104491252ns5:ComputerEquipment2017-07-3104491252ns5:PlantMachinery2018-07-3104491252ns5:FurnitureFittings2018-07-3104491252ns5:ComputerEquipment2018-07-3104491252ns5:PlantMachinery2017-07-3104491252ns5:FurnitureFittings2017-07-3104491252ns5:ComputerEquipment2017-07-3104491252ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-07-3104491252ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-07-3104491252ns10:Director112017-07-3104491252ns10:Director112016-07-3104491252ns10:Director112017-08-012018-07-3104491252ns10:Director112016-08-012017-07-3104491252ns10:Director112018-07-3104491252ns10:Director112017-07-3104491252ns10:Director222017-07-3104491252ns10:Director222016-07-3104491252ns10:Director222017-08-012018-07-3104491252ns10:Director222016-08-012017-07-3104491252ns10:Director222018-07-3104491252ns10:Director222017-07-31


REGISTERED NUMBER: 04491252(England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2018

for

PS Engineering Limited

PS Engineering Limited (Registered number: 04491252)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PS Engineering Limited

Company Information
for the Year Ended 31 July 2018







DIRECTORS: Mr Philip Slater
Miss Jacqueline Lebeter





REGISTERED OFFICE: Caryn March Accountants Limited
Landguard Manor
Landguard Manor Road
Shanklin
Isle of Wight
PO37 7JB





REGISTERED NUMBER: 04491252(England and Wales)





ACCOUNTANTS: Caryn March Accountants Limited
Landguard Manor
Landguard Manor Road
Shanklin
Isle of Wight
PO37 7JB

PS Engineering Limited (Registered number: 04491252)

Balance Sheet
31 July 2018

31/7/18 31/7/17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 517 562

CURRENT ASSETS
Debtors 5 1,602 57
Cash at bank 12,120 2,099
13,722 2,156
CREDITORS
Amounts falling due within one year 6 6,333 2,649
NET CURRENT ASSETS/(LIABILITIES) 7,389 (493 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,906

69

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 7,706 (131 )
SHAREHOLDERS' FUNDS 7,906 69

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 March 2019and were signed on its behalf by:





Mr Philip Slater- Director


PS Engineering Limited (Registered number: 04491252)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

PS Engineering 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.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2017 - 2) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2017 1,465 3,135 7,723 12,323
Additions - - 100 100
At 31 July 2018 1,465 3,135 7,823 12,423
DEPRECIATION
At 1 August 2017 1,210 2,828 7,723 11,761
Charge for year 64 47 34 145
At 31 July 2018 1,274 2,875 7,757 11,906
NET BOOK VALUE
At 31 July 2018 191 260 66 517
At 31 July 2017 255 307 - 562

PS Engineering Limited (Registered number: 04491252)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/18 31/7/17
£    £   
Trade debtors 1,319 -
Prepayments 283 57
1,602 57

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/18 31/7/17
£    £   
Trade creditors (1 ) 1
Corporation tax 1,849 512
VAT - 166
Directors' loan accounts 3,755 1,256
Accrued expenses 730 714
6,333 2,649

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2018 and 31 July 2017:

31/7/18 31/7/17
£    £   
Mr Philip Slater
Balance outstanding at start of year (628 ) (1,047 )
Amounts advanced 74 3,404
Amounts repaid (1,928 ) (2,985 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,482 ) (628 )

Miss Jacqueline Lebeter
Balance outstanding at start of year (628 ) (1,047 )
Amounts advanced - 3,001
Amounts repaid (645 ) (2,582 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,273 ) (628 )

8. ULTIMATE CONTROLLING PARTY

Mr Philip Slater and Miss Jacqueline Lebeter each holding 50% of the company shares are equal controlling parties.