PCI (GB) Ltd - Accounts to registrar (filleted) - small 18.2

PCI (GB) Ltd - Accounts to registrar (filleted) - small 18.2

PCI (GB) LTD - Company Information

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REGISTERED NUMBER: 06661924 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

PCI (GB) LTD
PCI (GB) LTD (REGISTERED NUMBER: 06661924)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PCI (GB) LTD

COMPANY INFORMATION
for the year ended 31 MARCH 2018







DIRECTOR: B M Johnson





REGISTERED OFFICE: Thistle Down Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG





REGISTERED NUMBER: 06661924 (England and Wales)





ACCOUNTANTS: Elsby & Co
Thistle Down Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG
Page 1
PCI (GB) LTD (REGISTERED NUMBER: 06661924)

ABRIDGED BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,147 20,998
16,147 20,998

CURRENT ASSETS
Stocks 5,000 6,000
Debtors 47,632 56,877
Cash at bank 37,678 37,608
90,310 100,485
CREDITORS
Amounts falling due within one year 96,973 83,928
NET CURRENT (LIABILITIES)/ASSETS (6,663 ) 16,557
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,484
37,555

CREDITORS
Amounts falling due after more than one year (2,051 ) (10,098 )

PROVISIONS FOR LIABILITIES (3,068 ) (3,970 )
NET ASSETS 4,365 23,487

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 4,315 23,437
SHAREHOLDERS' FUNDS 4,365 23,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

Page 2 continued...
PCI (GB) LTD (REGISTERED NUMBER: 06661924)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 9 October 2018 and were signed by:





B M Johnson - Director


The notes form part of these financial statements

Page 3
PCI (GB) LTD (REGISTERED NUMBER: 06661924)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2018

1. STATUTORY INFORMATION

PCI (GB) Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its
estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

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.

Page 4 continued...
PCI (GB) LTD (REGISTERED NUMBER: 06661924)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the
future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme
are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 67,500
AMORTISATION
At 1 April 2017
and 31 March 2018 67,500
NET BOOK VALUE

At 31 March 2018 -
At 31 March 2017 -

Page 5 continued...
PCI (GB) LTD (REGISTERED NUMBER: 06661924)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2018

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 63,587
Additions 533
At 31 March 2018 64,120
DEPRECIATION
At 1 April 2017 42,589
Charge for year 5,384
At 31 March 2018 47,973
NET BOOK VALUE
At 31 March 2018 16,147
At 31 March 2017 20,998

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2017
and 31 March 2018 41,349
DEPRECIATION
At 1 April 2017 25,231
Charge for year 4,030
At 31 March 2018 29,261
NET BOOK VALUE
At 31 March 2018 12,088
At 31 March 2017 16,118

Page 6