PC Angels Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08979626 (England and Wales)

Financial Statements

for the Year Ended 30 April 2019

for

PC Angels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Bloom

REGISTERED OFFICE:

28 Church Road

Stanmore

Middlesex

HA7 4XR

REGISTERED NUMBER:

08979626 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

28 Church Road

Stanmore

Middlesex

HA7 4XR

FIXED ASSETS

Tangible assets

4

20,793

31,206

CURRENT ASSETS

Debtors

5

77,486

274,513

Cash at bank

2,620

979

80,106

275,492

CREDITORS

Amounts falling due within one year

6

244,711

378,051

NET CURRENT LIABILITIES

(164,605

)

(102,559

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(143,812

)

(71,353

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(143,912

)

(71,453

)

SHAREHOLDERS' FUNDS

(143,812

)

(71,353

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 10 September 2019 and were signed by:

M Bloom - Director

1.	STATUTORY INFORMATION

PC Angels Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

Going concern

The financial statements are prepared on a going concern basis. The validity of the going concern basis of

preparation is dependent on continued support from the Director and group companies. The financial statements

do not include any adjustments that would result from a withdrawal of financial support by these parties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 15 ).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2018

and 30 April 2019

64,020

DEPRECIATION

At 1 May 2018

32,814

Charge for year

10,413

At 30 April 2019

43,227

NET BOOK VALUE

At 30 April 2019

20,793

At 30 April 2018

31,206

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

1,523

318

Amounts owed by group undertakings

-

5,230

Other debtors

75,963

268,965

77,486

274,513

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

4,250

3,151

Amounts owed to group undertakings

237,913

182,667

Taxation and social security

-

6,709

Other creditors

2,548

185,524

244,711

378,051