Personal Lifting Ltd. - Limited company - abbreviated

REGISTERED NUMBER: 06721532 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 October 2014

for

Personal Lifting Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J L A Cary

Dr P A Finlay

S J Sandland

REGISTERED OFFICE:

The SMS Building

St James Centre

East Road

Harlow

Essex

CM20 2SX

REGISTERED NUMBER:

06721532 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

FIXED ASSETS

Intangible assets

2

23,666

28,594

CURRENT ASSETS

Debtors

501

11,393

Cash at bank and in hand

10,336

43,664

10,837

55,057

CREDITORS

Amounts falling due within one year

2,108

5,988

NET CURRENT ASSETS

8,729

49,069

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,395

77,663

CAPITAL AND RESERVES

Called up share capital

3

75

Share premium

318,449

Profit and loss account

(286,129

)

(240,861

)

SHAREHOLDERS' FUNDS

32,395

77,663

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 20 February 2015 and were signed on its behalf
by:

S J Sandland - Director

Dr P A Finlay - 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).

Intangible assets

The cost of patent registration is amortised over 10 years.

Deferred tax

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

balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

49,285

AMORTISATION

At 1 November 2013

20,691

Amortisation for year

4,928

At 31 October 2014

25,619

NET BOOK VALUE

At 31 October 2014

23,666

At 31 October 2013

28,594

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

749,646

Ordinary

.0001

75

Personal Lifting Ltd. - Limited company - abbreviated - 11.6

Personal Lifting Ltd. - Limited company - abbreviated - 11.6