P G S Properties Limited - Limited company accounts 17.3

REGISTERED NUMBER: 03489147 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 June 2017

for

P G S Properties Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

P Molloy

REGISTERED OFFICE:

209-211 Ashley Road

Hale

Altrincham

WA15 9SQ

REGISTERED NUMBER:

03489147 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 30 June 2017.

DIRECTOR

P Molloy held office during the whole of the period from 1 July 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

P Molloy - Director

19 March 2018

TURNOVER

46,324

48,433

Administrative expenses

39,414

47,235

OPERATING PROFIT and

PROFIT BEFORE TAXATION

6,910

1,198

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

6,910

1,198

CURRENT ASSETS

Debtors

5

192

2,226

Cash at bank

13,152

4,629

13,344

6,855

CREDITORS

Amounts falling due within one year

6

(1

)

420

NET CURRENT ASSETS

13,345

6,435

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,345

6,435

CAPITAL AND RESERVES

Called up share capital

333,950

Retained earnings

(320,605

)

(327,515

)

SHAREHOLDERS' FUNDS

13,345

6,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 March 2018 and were signed by:

P Molloy - Director

1.	STATUTORY INFORMATION

P G S Properties Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax

is measured using tax rates and laws that have been enacted or substantively enacted by the

year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average monthly number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

18,238

DEPRECIATION

At 1 July 2016

and 30 June 2017

18,238

NET BOOK VALUE

At 30 June 2017

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Trade debtors

-

2,066

Other debtors

192

160

192

2,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Trade creditors

(1

)

-

Other creditors

-

420

(1

)

420