Prestige Basements Ltd - Abbreviated accounts 16.3

Prestige Basements Ltd - Abbreviated accounts 16.3


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REGISTERED NUMBER: 03882232(England and Wales)













Abbreviated Unaudited Accounts

for the Year Ended 23 May 2016

for

Prestige Basements Ltd

Prestige Basements Ltd (Registered number: 03882232)






Contents of the Abbreviated Accounts
for the year ended 23 May 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Prestige Basements Ltd

Company Information
for the year ended 23 May 2016







DIRECTOR: A J McCormack



SECRETARY: Mrs A E McCormack



REGISTERED OFFICE: ConTech House
5 Dumers Close
Radcliffe
Manchester
M26 2PP



REGISTERED NUMBER: 03882232(England and Wales)



ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP



BANKERS: National Westminster Bank Plc
36 The Rock
Bury
Lancashire
BL9 0NU

Prestige Basements Ltd (Registered number: 03882232)

Abbreviated Balance Sheet
23 May 2016

23/5/16 23/5/15
Notes £    £   
CURRENT ASSETS
Debtors 9,112 14,011
Cash at bank 899 5,791
10,011 19,802
CREDITORS
Amounts falling due within one year 1,984 3,711
NET CURRENT ASSETS 8,027 16,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,027

16,091

CAPITAL AND RESERVES
Called up share capital 2 2 1
Profit and loss account 8,025 16,090
SHAREHOLDERS' FUNDS 8,027 16,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 7 February 2017and were signed by:





A J McCormack- Director


Prestige Basements Ltd (Registered number: 03882232)

Notes to the Abbreviated Accounts
for the year ended 23 May 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 net invoiced sales of goods, excluding value added tax.

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

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 23/5/16 23/5/15
value: £    £   
2 Ordinary £1 2 1
(23/5/15 - 1)

1Ordinary share of £1 was issued during the year for cashof £ 1 .