PS CONSTRUCTION NORTH WEST LIMITED

Company Registration Number:
10477357 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2017

Period of accounts

Start date: 14 November 2016

End date: 30 November 2017

PS CONSTRUCTION NORTH WEST LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2017

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

PS CONSTRUCTION NORTH WEST LIMITED

Company Information

for the Period Ended 30 November 2017




Director: S Crook
Registered office: 17
Hillfield Drive
Bolton
GBR
BL2 2UG
Company Registration Number: 10477357 (England and Wales)

PS CONSTRUCTION NORTH WEST LIMITED

Directors' Report Period Ended 30 November 2017

The directors present their report with the financial statements of the company for the period ended 30 November 2017

Principal Activities

the provision of construction services

Directors

The director(s) shown below were appointed to the company during the period
S Crook
14 November 2016

This report was approved by the board of directors on 12 August 2018
And Signed On Behalf Of The Board By:

Name: S Crook
Status: Director

PS CONSTRUCTION NORTH WEST LIMITED

Profit and Loss Account

for the Period Ended 30 November 2017


Notes
13 months to
30 Nov 2017
£
Turnover 24,955
Cost of sales (2,009)
Gross Profit or (Loss) 22,946
Administrative Expenses (18,113)
Operating Profit or (Loss) 4,833
Profit or (Loss) Before Tax 4,833
Tax on Profit (219)
Profit or (Loss) for Period 4,614

The notes form part of these financial statements

PS CONSTRUCTION NORTH WEST LIMITED

Balance sheet

As at 30 November 2017


Notes
13 months to
30 Nov 2017
£
Fixed assets
Tangible assets: 2 3,712
Total fixed assets: 3,712
Current assets
Debtors: 3 1,353
Cash at bank and in hand: 2,537
Total current assets: 3,890
Creditors: amounts falling due within one year: 4 ( 2,987 )
Net current assets (liabilities): 903
Total assets less current liabilities: 4,615
Total net assets (liabilities): 4,615

The notes form part of these financial statements

PS CONSTRUCTION NORTH WEST LIMITED

Balance sheet continued

As at 30 November 2017


Notes
13 months to
30 Nov 2017
£
Capital and reserves
Called up share capital: 1
Profit and loss account: 4,614
Shareholders funds: 4,615

For the year ending 30 November 2017 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.

This report was approved by the board of directors on 12 August 2018
And Signed On Behalf Of The Board By:

Name: S Crook
Status: Director

The notes form part of these financial statements

PS CONSTRUCTION NORTH WEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The company's turnover represents the amounts received in the accounting period from customers in respect of construction services provided to them by the company.

    Tangible fixed assets depreciation policy

    The cost of the company's tangible fixed assets is depreciated at the standard rate of 25% per annum, calculated on the reducing balance basis.

PS CONSTRUCTION NORTH WEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

2. Tangible assets

Plant & machinery Total
Cost £ £
Additions 4,640 4,640
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2017 4,640 4,640
Depreciation
Charge for year 928 928
On disposals - -
Other adjustments - -
At 30 November 2017 928 928
Net book value
At 30 November 2017 3,712 3,712

PS CONSTRUCTION NORTH WEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

3. Debtors

13 months to
30 Nov 2017
£
Other debtors 1,353
Total 1,353

Other debtors represent the net amount recoverable from HMRC in respect of CIS / income tax suffered / payable by the company.

PS CONSTRUCTION NORTH WEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

4.Creditors: amounts falling due within one year note

13 months to
30 Nov 2017
£
Taxation and social security 219
Accruals and deferred income 2,768
Total 2,987

PS CONSTRUCTION NORTH WEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

5.1.Related party disclosures

Name of related party: Mr S Crook
Description of relationship:
Company director and labour only subcontractor
Description of the transaction:
Up until the end of November 2017, the company paid its director as a labour only subcontractor in respect of construction services provided by him to the company. No salary was paid to the director in respect of his role as a director of the company. With effect from 1 December 2017, the director was paid a salary in respect of both his functions and was not treated as a labour only subcontractor in respect of the provision of construction services.