Peter Shirley (Financial Services) ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02147077 (England and Wales)

PETER SHIRLEY (FINANCIAL SERVICES)

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S A Shirley

SECRETARY:

Mrs C J Harper

REGISTERED OFFICE:

39 Derby Road

Stapleford

Nottingham

NG9 7AN

REGISTERED NUMBER:

02147077 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young

Chartered Accountants

22 The Ropewalk

Nottingham

Nottinghamshire

NG1 5DT

FIXED ASSETS

Tangible assets

2

11,107

14,273

CURRENT ASSETS

Stocks

500

500

Debtors

87,447

6,853

Cash at bank and in hand

93,390

150,978

181,337

158,331

CREDITORS

Amounts falling due within one year

16,798

18,368

NET CURRENT ASSETS

164,539

139,963

TOTAL ASSETS LESS CURRENT LIABILITIES

175,646

154,236

CAPITAL AND RESERVES

Called up share capital

3

3,000

3,000

Profit and loss account

172,646

151,236

SHAREHOLDERS' FUNDS

175,646

154,236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 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 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 director on 25th March 2015 and were signed by:

Mr S A Shirley - 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).

Turnover

Turnover represents invoiced sales of services and commissions receivable.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office and computer equipment

-

50% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowances for

obsolete and slow moving items.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the

treatment of certain items for taxation and accounting purposes. The deferred tax balance has not

been discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

47,782

Additions

1,198

At 31st December 2014

48,980

DEPRECIATION

At 1st January 2014

33,509

Charge for year

4,364

At 31st December 2014

37,873

NET BOOK VALUE

At 31st December 2014

11,107

At 31st December 2013

14,273

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2,697

Ordinary "A"

£1

2,697

2,697

3

Ordinary "B"

£1

3

3

300

Ordinary "C"

£1

300

300

3,000

3,000

All Ordinary shares rank pari passu except in respect of dividend rights.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2014

and 31st December 2013:

2014

2013

£

£

Mr S A Shirley

Balance outstanding at start of year

(5,512

)

(5,890

)

Amounts advanced

112,475

30,378

Amounts repaid

(30,000

)

(30,000

)

Balance outstanding at end of year

76,963

(5,512

)