Accounts filed on 31-01-2017


Registered number: 06787076






P & R Trading Limited


ACCOUNTS

FOR THE YEAR ENDED 31/01/2017
























Prepared By:
Owens & Associates Ltd
Chartered Certified Accountants
40A Market Square
St Neots
Cambs
PE19 2AF


ACCOUNTS
FOR THE YEAR ENDED 31/01/2017





DIRECTORS
Mr P Kynoch


REGISTERED OFFICE
9 Lurke Street
Bedford
MK40 3HZ


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06787076



ACCOUNTANTS
Owens & Associates Ltd
Chartered Certified Accountants
40A Market Square
St Neots
Cambs
PE19 2AF


ACCOUNTS
FOR THEYEARENDED31/01/2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/01/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		13,028		8,990
Investment Assets	3		2,312		4,312

			15,340		13,302

CURRENT ASSETS
Stock		55,000		12,555
Debtors	5	3,117		158
Cash at bank and in hand		27,026		10,109
		85,143		22,822
CREDITORS: Amounts falling due within one year	6	140,509		85,178
NET CURRENT LIABILITIES			(55,366)		(62,356)
TOTAL ASSETS LESS CURRENT LIABILITIES			(40,026)		(49,054)

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			(40,126)		(49,154)
SHAREHOLDERS' FUNDS			(40,026)		(49,054)

For the year ending 31/01/2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 25/10/2017 and signed on their behalf by



.............................
Mr P Kynoch
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




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

Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




5. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	3,117	158
	3,117	158




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	3,676	4,740
VAT	18,563	15,686
PAYE control	6,636	3,079
Salaries and wages control	-	2,594
Directors current account	199	259
Bank Loan	12,117	-
Loans	8,500	-
Hire purchase	4,546	-
Trade creditors	83,705	56,320
Pension schemes	67	-
Accruals	2,500	2,500
	140,509	85,178




8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100