Pennine Recovery Services Limited - Accounts to registrar (filleted) - small 18.2

Pennine Recovery Services Limited - Accounts to registrar (filleted) - small 18.2

PENNINE RECOVERY SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 06496420 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

PENNINE RECOVERY SERVICES LIMITED
PENNINE RECOVERY SERVICES LIMITED (REGISTERED NUMBER: 06496420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PENNINE RECOVERY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: Mr C Marsden



SECRETARY: Miss S Galloway



REGISTERED OFFICE: Barrat Farm
Swaindrod Lane
Littlebrough
Lancashire
OL15 0LE



REGISTERED NUMBER: 06496420 (England and Wales)



BANKERS: The Royal Bank of Scotland plc
8 Rochdale Road
Shaw
Oldham
Lancashire
OL2 8AD
Page 1
PENNINE RECOVERY SERVICES LIMITED (REGISTERED NUMBER: 06496420)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,072 99,205

CURRENT ASSETS
Debtors 27,967 43,136
Cash at bank 8,122 8,725
36,089 51,861
CREDITORS
Amounts falling due within one year 81,068 34,284
NET CURRENT (LIABILITIES)/ASSETS (44,979 ) 17,577
TOTAL ASSETS LESS CURRENT
LIABILITIES
116,093
116,782

CREDITORS
Amounts falling due after more than one
year
1,763
9,200
NET ASSETS 114,330 107,582

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 114,329 107,581
SHAREHOLDERS' FUNDS 114,330 107,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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...
PENNINE RECOVERY SERVICES LIMITED (REGISTERED NUMBER: 06496420)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 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 Profit and Loss Account and an abridged Balance Sheet for the year ended 28 February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 27 November 2018 and were signed by:





Mr C Marsden - Director


The notes form part of these financial statements

Page 3
PENNINE RECOVERY SERVICES LIMITED (REGISTERED NUMBER: 06496420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Pennine Recovery Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to
support the company.

Turnover
Turnover represents net invoiced sales of services, excluding VAT.

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 cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2017 262,374
Additions 133,131
Disposals (7,297 )
At 28 February 2018 388,208
DEPRECIATION
At 1 March 2017 163,169
Charge for year 71,259
Eliminated on disposal (7,292 )
At 28 February 2018 227,136
NET BOOK VALUE
At 28 February 2018 161,072
At 28 February 2017 99,205

Page 4 continued...
PENNINE RECOVERY SERVICES LIMITED (REGISTERED NUMBER: 06496420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 March 2017 103,601
Additions 27,801
Transfer to ownership (76,851 )
At 28 February 2018 54,551
DEPRECIATION
At 1 March 2017 25,994
Charge for year 13,638
Transfer to ownership (21,542 )
At 28 February 2018 18,090
NET BOOK VALUE
At 28 February 2018 36,461
At 28 February 2017 77,607

5. SECURED DEBTS

The following secured debts are included within creditors:

28.2.18 28.2.17
£    £   
Hire purchase contracts 22,393 31,453

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
1 Ordinary £1 1 1

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Marsden.

Page 5