Pulse P.A. Limited Filleted accounts for Companies House (small and micro)

PULSE P.A. LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07763339

Pulse P.A. Limited

Filleted Unaudited Financial Statements

30 September 2018

Pulse P.A. Limited

Financial Statements

Year ended 30 September 2018

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Pulse P.A. Limited

Balance Sheet

30 September 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4		153,719	130,931

Current assets

Debtors	5	6,519	13,075
Cash at bank and in hand		4,690	28,512
		--------	--------
		11,209	41,587

Creditors: amounts falling due within one year	6	158,908		156,258
		---------		---------
Net current liabilities			147,699	114,671
			---------	---------
Total assets less current liabilities			6,020	16,260

Provisions

Deferred taxation	1,153	3,089
	-------	--------
Net assets	4,867	13,171
	-------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	4,866	13,170
	-------	--------
Shareholders funds	4,867	13,171
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pulse P.A. Limited

Balance Sheet (continued)

30 September 2018

These financial statements were approved by the board of directors and authorised for issue on 30 April 2019 , and are signed on behalf of the board by:

Mr R Walsh

Director

Company registration number: 07763339

Pulse P.A. Limited

Notes to the Financial Statements

Year ended 30 September 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Brackley Close, Bournemouth International Airport, Christchurch, BH23 6SE, Dorset.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 October 2017	208,559	208,559
Additions	68,852	68,852
Disposals	( 21,773)	( 21,773)
	---------	---------
At 30 September 2018	255,638	255,638
	---------	---------
Depreciation
At 1 October 2017	77,628	77,628
Charge for the year	46,064	46,064
Disposals	( 21,773)	( 21,773)
	---------	---------
At 30 September 2018	101,919	101,919
	---------	---------
Carrying amount
At 30 September 2018	153,719	153,719
	---------	---------
At 30 September 2017	130,931	130,931
	---------	---------

5. Debtors

	2018	2017
	£	£
Trade debtors	6,519	13,075
	-------	--------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Social security and other taxes	5,668	3,018
Other creditors	153,240	153,240
	---------	---------
	158,908	156,258
	---------	---------

7. Related party transactions

Information about related party transactions and balances are listed below:

	2018	2017
	£	£
Amount due to the director	46,990	46,990