PBK_CONSULTING_LIMITED - Accounts

PBK CONSULTING LIMITED - Company Information

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Company Registration No. 06987137 (England and Wales)

PBK CONSULTING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

PBK CONSULTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PBK CONSULTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,689

1,452

Current assets

Debtors

9,753

Cash at bank and in hand

659

21,717

10,412

21,717

Creditors: amounts falling due within one year

(11,110)

(4,645)

Net current (liabilities)/assets

(698)

17,072

Total assets less current liabilities

991

18,524

Provisions for liabilities

(338)

(290)

653

18,234

Capital and reserves

Called up share capital

Profit and loss account

652

18,233

Shareholders' funds

653

18,234

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 January 2015

P Kennedy

Director

Company Registration No. 06987137

PBK CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents fees receivable net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% Straight line Method

1.4

Deferred taxation

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

Fixed assets

Tangible assets

Cost

At 1 April 2013

5,147

Additions

1,113

At 31 March 2014

6,260

Depreciation

At 1 April 2013

3,695

Charge for the year

876

At 31 March 2014

4,571

Net book value

At 31 March 2014

1,689

At 31 March 2013

1,452

PBK CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary share of £1 each

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

P Kennedy

4.00

(321)

52,441

160

(44,428)

7,852

(321)

52,441

160

(44,428)

7,852