PS ENGINEERING LIMITED - Abbreviated accounts 16.1

PS ENGINEERING LIMITED - Abbreviated accounts 16.1


044912521.8.1531.7.1631.7.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044912522015-07-31044912522016-07-31044912522015-08-012016-07-31044912522014-07-31044912522014-08-012015-07-31044912522015-07-3104491252ns12:England2015-08-012016-07-3104491252ns14:PoundSterling2015-08-012016-07-3104491252ns7:Director12015-08-012016-07-3104491252ns7:OrdinaryShareClass12015-08-012016-07-3104491252ns7:Director22015-08-012016-07-3104491252ns7:RegisteredOffice2015-08-012016-07-3104491252ns7:EntityAccountantsOrAuditors2015-08-012016-07-3104491252ns5:PlantMachinery2015-08-012016-07-3104491252ns5:FixturesFittings2015-08-012016-07-3104491252ns5:ComputerEquipment2015-08-012016-07-3104491252ns7:OrdinaryShareClass12016-07-3104491252ns7:OrdinaryShareClass12015-07-3104491252ns7:Director12015-07-3104491252ns7:Director12014-07-3104491252ns7:Director12014-08-012015-07-3104491252ns7:Director12016-07-3104491252ns7:Director12015-07-3104491252ns7:Director22015-07-3104491252ns7:Director22014-07-3104491252ns7:Director22014-08-012015-07-3104491252ns7:Director22016-07-3104491252ns7:Director22015-07-31
REGISTERED NUMBER: 04491252(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

PS ENGINEERING LIMITED

PS ENGINEERING LIMITED (Registered number: 04491252)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PS ENGINEERING LIMITED

Company Information
for the Year Ended 31 July 2016







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)

Abbreviated Balance Sheet
31 July 2016

31/7/16 31/7/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 702 1,076

CURRENT ASSETS
Debtors 56 2,543
Cash at bank 5,479 14,341
5,535 16,884
CREDITORS
Amounts falling due within one year 6,030 17,716
NET CURRENT LIABILITIES (495 ) (832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207

244

CAPITAL AND RESERVES
Called up share capital 3 200 200
Profit and loss account 7 44
SHAREHOLDERS' FUNDS 207 244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 19 August 2016and were signed on its behalf by:





MR PHILIP SLATER- Director


PS ENGINEERING LIMITED (Registered number: 04491252)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents gross invoiced sales for services provided. The Company operates VAT under the flat rate
scheme.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 12,323
DEPRECIATION
At 1 August 2015 11,247
Charge for year 374
At 31 July 2016 11,621
NET BOOK VALUE
At 31 July 2016 702
At 31 July 2015 1,076

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/16 31/7/15
value: £    £   
200 Ordinary £1 200 200

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2016 and 31 July 2015:

31/7/16 31/7/15
£    £   
MR PHILIP SLATER
Balance outstanding at start of year 925 (135 )
Amounts advanced 5,183 2,021
Amounts repaid (7,155 ) (961 )
Balance outstanding at end of year (1,047 ) 925

PS ENGINEERING LIMITED (Registered number: 04491252)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

MISS JACQUELINE LEBETER
Balance outstanding at start of year 924 (3,918 )
Amounts advanced 7,254 8,778
Amounts repaid (9,225 ) (3,936 )
Balance outstanding at end of year (1,047 ) 924