Accounts filed on 31-01-2018


Registered number: 06787076






P & R Trading Limited


ACCOUNTS

FOR THE YEAR ENDED 31/01/2018
























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


ACCOUNTS
FOR THE YEAR ENDED 31/01/2018





DIRECTORS
Mr P Kynoch


REGISTERED OFFICE
9 Lurke Street
Bedford
MK40 3HZ


COMPANY DETAILS
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 THEYEARENDED31/01/2018



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 31/01/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	2		13,123		13,028
Investment Assets	3		4,102		2,312

			17,225		15,340

CURRENT ASSETS
Stock		54,100		55,000
Debtors	5	-		3,117
Cash at bank and in hand		41,292		27,026
		95,392		85,143
CREDITORS: Amounts falling due within one year	6	135,719		140,509
NET CURRENT LIABILITIES			(40,327)		(55,366)
TOTAL ASSETS LESS CURRENT LIABILITIES			(23,102)		(40,026)

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			(23,202)		(40,126)
SHAREHOLDERS' FUNDS			(23,102)		(40,026)

For the year ending 31/01/2018 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 16/10/2018 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. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.


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


5. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	-	3,117
	-	3,117


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	4,463	3,676
VAT	19,822	18,563
PAYE control	5,560	6,636
Salaries and wages control	14	-
Directors current account	199	199
Bank Loan	8,627	12,117
Loans	7,000	8,500
Hire purchase	4,500	4,546
Trade creditors	83,034	83,705
Pension schemes	-	67
Accruals	2,500	2,500
	135,719	140,509


8. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100