THE CPD CERTIFICATION SERVICE LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03606693 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

THE CPD CERTIFICATION SERVICE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G P Savage

S Goddard

M Rowe

S E Savage

SECRETARY:

G P Savage

REGISTERED OFFICE:

The Coach House

Ealing Green

London

W5 5ER

REGISTERED NUMBER:

03606693 (England and Wales)

FIXED ASSETS

Intangible assets

2

43,788

41,359

Tangible assets

3

189,856

146,088

233,644

187,447

CURRENT ASSETS

Debtors

286,304

152,812

Cash in hand

108,215

152,741

394,519

305,553

CREDITORS

Amounts falling due within one year

263,481

347,420

NET CURRENT ASSETS/(LIABILITIES)

131,038

(41,867

)

TOTAL ASSETS LESS CURRENT LIABILITIES

364,682

145,580

CREDITORS

Amounts falling due after more than one year

(69,072

)

(65,970

)

PROVISIONS FOR LIABILITIES

(4,655

)

(8,433

)

NET ASSETS

290,955

71,177

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

290,953

71,175

SHAREHOLDERS' FUNDS

290,955

71,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 30 January 2015 and were signed on its behalf by:

G P Savage - 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 April 2008).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related

Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales, excluding value added tax.

Amortisation

Intellectual property is amortised evenly over 10 years.

Tangible fixed assets

Depreciation is provided to write off the cost, less estimated residual values, of all fixed assets over their

expected useful lives. It is calculated on the original cost of the assets at the following rates:

Fixtures and fittings 15% to 33% per annum

Motor vehicles 25% per annum

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Leased assets

Where assets are financed by leasing agreements that give rights approximating to ownership ('finance leases'),

the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the

minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as

amounts payable to the lessor.

Lease payments are analysed between capital and interest components so that the interest element of the payment

is charged to the profit and loss account over the period of the leas and represents a constant proportion of the

capital payments outstanding. The capital part reduces the amounts payable to the lessor.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

51,281

Additions

7,920

At 31 December 2014

59,201

AMORTISATION

At 1 January 2014

9,922

Amortisation for year

5,491

At 31 December 2014

15,413

NET BOOK VALUE

At 31 December 2014

43,788

At 31 December 2013

41,359

3.	TANGIBLE FIXED ASSETS

The net book value of assets held under finance leases was £109,082 (2013 £97,442). The related depreciation

charge was £26,747 (2013 £6,447).

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

2

2

5.	ULTIMATE PARENT COMPANY

Holly Lane Capital Limited is regarded by the directors as being the company's ultimate parent company.

6.	RELATED PARTY DISCLOSURES

During the year the company purchased goods and services from Your IT Works Limited to the value of £47,848

(2013 £20,601). M Rowe is a director and shareholder of Your IT Works Limited.