Abbreviated Company Accounts - PRC ARCHITECTURE AND PLANNING LIMITED

PRC ARCHITECTURE AND PLANNING LIMITED - Company Information

Registered Number 02844543

PRC ARCHITECTURE AND PLANNING LIMITED

Abbreviated Accounts

31 August 2015

PRC ARCHITECTURE AND PLANNING LIMITED Registered Number 02844543

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	20,000	25,000
Tangible assets	3	318,563	303,171
Investments		-	-
		338,563	328,171
Current assets
Stocks		86	20,514
Debtors		1,063,115	1,069,396
Investments		-	-
Cash at bank and in hand		551,400	212,751
		1,614,601	1,302,661
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(1,092,291)	(969,538)
Net current assets (liabilities)		522,310	333,123
Total assets less current liabilities		860,873	661,294
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		(29,992)	(30,690)
Accruals and deferred income		0	0
Total net assets (liabilities)		830,881	630,604
Capital and reserves
Called up share capital		100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		830,781	630,504
Shareholders' funds		830,881	630,604

For the year ending 31 August 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 12 January 2016

And signed on their behalf by:
Steve Crawford, Director

PRC ARCHITECTURE AND PLANNING LIMITED Registered Number 02844543

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Leasehold improvements - 15% reducing balance
Plant & Machinery - 25% reducing balance
Fixtures & Fittings - 15% reducing balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - 10% straight line

Valuation information and policy
Work in progress is value on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date

2Intangible fixed assets

	£
Cost
At 1 September 2014	50,000
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 August 2015	50,000
Amortisation
At 1 September 2014	25,000
Charge for the year	5,000
On disposals	0
At 31 August 2015	30,000
Net book values
At 31 August 2015	20,000
At 31 August 2014	25,000

3Tangible fixed assets

	£
Cost
At 1 September 2014	384,061
Additions	73,782
Disposals	(452)
Revaluations	0
Transfers	0
At 31 August 2015	457,391
Depreciation
At 1 September 2014	80,890
Charge for the year	58,074
On disposals	(136)
At 31 August 2015	138,828
Net book values
At 31 August 2015	318,563
At 31 August 2014	303,171