Accounts filed on 31-07-2015


Registered number: 07701399






Principal Surveying & Project Services Ltd


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/07/2015
























Prepared By:
MJ Accountancy Ltd
Suites 2 & 3 Bow Street Chambers
1/2 Bow Street
Rugeley
Staffs
WS15 2BT


Principal Surveying & Project Services Ltd


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/07/2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 07701399


Registered Number: 07701399

BALANCE SHEET AT 31/07/2015

			2015		2014
	Notes		£		£

FIXED ASSETS
Tangible assets	2		941		350

CURRENT ASSETS
Stock		46,417		9,000
Debtors (amounts falling due within one year)	3	29,923		34,793
Cash at bank and in hand		33,824		12,826
		110,164		56,619
CREDITORS: Amounts falling due within one year		110,839		56,102
NET CURRENT (LIABILITIES) / ASSETS			(675)		517
TOTAL ASSETS LESS CURRENT LIABILITIES			266		867

CAPITAL AND RESERVES

Called up share capital	4		1		1
Profit and loss account			265		866
SHAREHOLDERS' FUNDS			266		867

For the year ending 31/07/2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 16/09/2015 and signed on their behalf by




Mr Lee Webster
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 25%




1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2015	2014
	£	£

Amounts falling due within one year:
Trade debtors	28,927	34,793
Other debtors	996	-
	29,923	34,793




4. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
10 Ordinary shares of £0.10 each	1	1
	1	1

New shares issued during period:
9 Ordinary shares of £0.10 each	1