067870762015-02-012016-01-31falsetruehttp://www.companieshouse.gov.uk/cd:Director12015-02-012016-01-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-01-31http://www.companieshouse.gov.uk/pt:FixturesFittings2016-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-02-012016-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2016-01-31http://www.companieshouse.gov.uk/pt:MotorCars2015-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-01-31http://www.companieshouse.gov.uk/pt:MotorCars2016-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-01-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-02-012016-01-31http://www.companieshouse.gov.uk/pt:LoansHeldAsFixedAssetInvestments2015-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-02-012016-01-31http://www.companieshouse.gov.uk/pt:LoansHeldAsFixedAssetInvestments2016-01-31http://www.companieshouse.gov.uk/pt:MotorCars2015-02-012016-01-31http://www.companieshouse.gov.uk/2014-02-012015-01-31http://www.companieshouse.gov.uk/2015-02-012016-01-31http://www.companieshouse.gov.uk/2015-01-31http://www.companieshouse.gov.uk/2016-01-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-02-012016-01-31http://www.companieshouse.gov.uk/2015-01-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: 06787076

P & R Trading Limited

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/01/2016

Prepared By:

Owens & Associates Ltd

Chartered Certified Accountants

40A Market Square

St Neots

Cambs

PE19 2AF

P & R Trading Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/01/2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet		2
Notes to the Abbreviated Accounts		3
The company's registered number is 06787076

P & R Trading Limited

Registered Number: 06787076
BALANCE SHEET AT 31/01/2016
						2016				2015
		Notes				£				£
FIXED ASSETS
Tangible assets		2				8,990				11,403
Investments		3				4,312				5,905
						13,302				17,308
CURRENT ASSETS
Stock				12,555				14,135
Debtors (amounts falling due within one year)		4		158				1,763
Cash at bank and in hand				10,109				23,233
				22,822				39,131
CREDITORS: Amounts falling due within one year				85,178				89,274
NET CURRENT LIABILITIES						(62,356)				(50,143)
TOTAL ASSETS LESS CURRENT LIABILITIES						(49,054)				(32,835)
CAPITAL AND RESERVES
Called up share capital		5				100				100
Profit and loss account						(49,154)				(32,935)
SHAREHOLDERS' FUNDS						(49,054)				(32,835)
For the year ending 31/01/2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 25/10/2016 and signed on their behalf by
Mr P Kynoch
Director

P & R Trading Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/01/2016

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%
Motor Cars		reducing balance 25%

1c. Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

1d. Taxation

Corporation tax payable is provided on taxable profits at the current rates.

Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

1e. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

1f. Investments

Fixed asset investments are shown at cost less amounts written off.

Provisions are made for permanent fluctuations in value.

P & R Trading Limited

2. TANGIBLE FIXED ASSETS
		Fixtures
		and Fittings		Equipment		Motor Cars		Total
		£		£		£		£
Cost
At 01/02/2015		11,608		2,329		14,239		28,176
Additions		168		-		-		168
At 31/01/2016		11,776		2,329		14,239		28,344
Depreciation
At 01/02/2015		6,413		613		9,747		16,773
For the year		804		429		1,348		2,581
At 31/01/2016		7,217		1,042		11,095		19,354
Net Book Amounts
At 31/01/2016		4,559		1,287		3,144		8,990
At 31/01/2015		5,195		1,716		4,492		11,403

3. INVESTMENT FIXED ASSETS
		Loans		Total
		£		£
Cost
At 01/02/2015		4,312		4,312
At 31/01/2016		4,312		4,312
Amortisation
Net Book Amounts
At 31/01/2016		4,312		4,312
At 31/01/2015		4,312		4,312

4. DEBTORS				2016		2015
				£		£
Amounts falling due within one year:
Trade debtors				158		1,763
				158		1,763

P & R Trading Limited

5. SHARE CAPITAL				2016		2015
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100