Abbreviated Company Accounts - PREFERRED MANAGEMENT SOLUTIONS (PMS) LTD

PREFERRED MANAGEMENT SOLUTIONS (PMS) LTD - Company Information

07372003 PREFERRED MANAGEMENT SOLUTIONS (PMS) LTD 2014-09-30 false 2013-10-01 2014-09-30 true 07372003 2013-10-01 2014-09-30 07372003 2014-09-30 07372003 2013-09-30 07372003 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 07372003 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 07372003

PREFERRED MANAGEMENT SOLUTIONS (PMS) LTD

Abbreviated Accounts

30 September 2014

PREFERRED MANAGEMENT SOLUTIONS (PMS) LTD Registered Number 07372003

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	33,750	-
Tangible assets	3	4,381	5,281
		38,131	5,281
Current assets
Stocks		104,800	58,000
Debtors		86,982	21,340
Cash at bank and in hand		5,849	32,002
		197,631	111,342
Creditors: amounts falling due within one year		(216,139)	(129,401)
Net current assets (liabilities)		(18,508)	(18,059)
Total assets less current liabilities		19,623	(12,778)
Total net assets (liabilities)		19,623	(12,778)
Capital and reserves
Called up share capital	4	202	202
Profit and loss account		19,421	(12,980)
Shareholders' funds		19,623	(12,778)

For the year ending 30 September 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 February 2015

And signed on their behalf by:
A J Morrison Taylor, Director

PREFERRED MANAGEMENT SOLUTIONS (PMS) LTD Registered Number 07372003

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings
and equipment - 25% straight line

Other accounting policies
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
Development expenditure is written off in the same year unless the directors are satisfied as to the
technical, commercial and financial viability of individual projects. In this situation, the expenditure is
deferred and amortised over the period from which the company is expected to benefit.

2Intangible fixed assets

	£
Cost
At 1 October 2013	-
Additions	45,000
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	45,000
Amortisation
At 1 October 2013	-
Charge for the year	11,250
On disposals	-
At 30 September 2014	11,250
Net book values
At 30 September 2014	33,750
At 30 September 2013	-

3Tangible fixed assets

	£
Cost
At 1 October 2013	6,781
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	6,781
Depreciation
At 1 October 2013	1,500
Charge for the year	900
On disposals	-
At 30 September 2014	2,400
Net book values
At 30 September 2014	4,381
At 30 September 2013	5,281

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
202 Ordinary shares of £1 each	202	202