REGISTERED NUMBER: 04491252 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

PS ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

MR PHILIP SLATER

MISS JACQUELINE LEBETER

REGISTERED OFFICE:

Caryn March Accountants Limited

Landguard Manor

Landguard Manor Road

Shanklin

Isle of Wight

PO37 7JB

REGISTERED NUMBER:

04491252 (England and Wales)

ACCOUNTANTS:

Caryn March Accountants Limited

Landguard Manor

Landguard Manor Road

Shanklin

Isle of Wight

PO37 7JB

FIXED ASSETS

Tangible assets

2

702

1,076

CURRENT ASSETS

Debtors

56

2,543

Cash at bank

5,479

14,341

5,535

16,884

CREDITORS

Amounts falling due within one year

6,030

17,716

NET CURRENT LIABILITIES

(495

)

(832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

207

244

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

7

44

SHAREHOLDERS' FUNDS

207

244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 August 2016 and were signed on its behalf by:

MR PHILIP SLATER - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents gross invoiced sales for services provided. The Company operates VAT under the flat rate

scheme.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

12,323

DEPRECIATION

At 1 August 2015

11,247

Charge for year

374

At 31 July 2016

11,621

NET BOOK VALUE

At 31 July 2016

702

At 31 July 2015

1,076

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/16

31/7/15

value:

£

£

200

Ordinary

£1

200

200

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2016 and 31 July 2015:

31/7/16

31/7/15

£

£

MR PHILIP SLATER

Balance outstanding at start of year

925

(135

)

Amounts advanced

5,183

2,021

Amounts repaid

(7,155

)

(961

)

Balance outstanding at end of year

(1,047

)

925

MISS JACQUELINE LEBETER

Balance outstanding at start of year

924

(3,918

)

Amounts advanced

7,254

8,778

Amounts repaid

(9,225

)

(3,936

)

Balance outstanding at end of year

(1,047

)

924