PHC Consulting Ltd - Abbreviated accounts

PHC CONSULTING LIMITED - Company Information

Registered number

08586381

PHC Consulting Ltd

Abbreviated Accounts

30 June 2014

PHC Consulting Ltd
Registered number:		08586381
Abbreviated Balance Sheet
as at 30 June 2014

Notes			2014
£
Fixed assets
Tangible assets	2		2,635

Current assets
Debtors		5,833
Cash at bank and in hand		46,790
		52,623

Creditors: amounts falling due within one year		(55,004)

Net current liabilities			(2,381)

Net assets			254

Capital and reserves
Called up share capital	3		100
Profit and loss account			154

Shareholders' funds			254

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr P Hansen-Chambers
Director
Approved by the board on 9 March 2015

PHC Consulting Ltd
Notes to the Abbreviated Accounts
for the period ended 30 June 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Office equipment			33% written down value
	Furniture & Fixtures			25% written down value

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	Additions					3,454
	At 30 June 2014					3,454

	Depreciation
	Charge for the period					819
	At 30 June 2014					819

	Net book value
	At 30 June 2014					2,635


3	Share capital	Nominal		2014		2014
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		100