Prestige Basements Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03882232 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 23 May 2016

for

Prestige Basements Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

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

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 2017 and were signed by:

A J McCormack - Director

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 )

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