Company Registration No. 08722779 (England and Wales)
PRIME PRACTICE MANAGEMENT ADVISORS LIMITED
Unaudited accounts
for the year ended 31 October 2018
PRIME PRACTICE MANAGEMENT ADVISORS LIMITED
Unaudited accounts
Contents
PRIME PRACTICE MANAGEMENT ADVISORS LIMITED
Company Information
for the year ended 31 October 2018
Company Number
08722779 (England and Wales)
Registered Office
25A HIGHFIELD ROAD
SALTLEY
BIRMINGHAM
B8 3QD
PRIME PRACTICE MANAGEMENT ADVISORS LIMITED
Statement of financial position
as at 31 October 2018
Cash at bank and in hand
71,552
73,904
Creditors: amounts falling due within one year
(6,919)
(8,084)
Net current assets
64,633
65,820
Total assets less current liabilities
68,697
66,351
Creditors: amounts falling due after more than one year
(67,901)
(66,181)
Called up share capital
100
100
Profit and loss account
696
70
Shareholders' funds
796
170
For the year ending 31 October 2018 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 February 2019.
ISHFAQ AHMED
Director
Company Registration No. 08722779
PRIME PRACTICE MANAGEMENT ADVISORS LIMITED
Notes to the Accounts
for the year ended 31 October 2018
PRIME PRACTICE MANAGEMENT ADVISORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08722779. The registered office is 25A HIGHFIELD ROAD, SALTLEY, BIRMINGHAM, B8 3QD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% RB
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2017
-
860
860
Additions
1,250
3,000
4,250
At 31 October 2018
1,250
3,860
5,110
At 1 November 2017
-
329
329
Charge for the year
187
530
717
At 31 October 2018
187
859
1,046
At 31 October 2018
1,063
3,001
4,064
At 31 October 2017
-
531
531
PRIME PRACTICE MANAGEMENT ADVISORS LIMITED
Notes to the Accounts
for the year ended 31 October 2018
5
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
5,669
3,923
6
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
67,901
66,181
7
Average number of employees
During the year the average number of employees was 0 (2017: 0).
