Pharman Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01576220 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

Pharman Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

E F Butler

REGISTERED OFFICE:

75C High Street

Great Dunmow

Essex

CM6 1AE

REGISTERED NUMBER:

01576220 (England and Wales)

ACCOUNTANTS:

Avalon Accounting

Equity House

4-6 School Road Tilehurst

Reading

Berks

RG31 5AL

FIXED ASSETS

Tangible assets

2

1,502

2,002

CURRENT ASSETS

Debtors

106,429

139,881

Cash at bank and in hand

75,210

68,800

181,639

208,681

CREDITORS

Amounts falling due within one year

(156,974

)

(183,930

)

NET CURRENT ASSETS

24,665

24,751

TOTAL ASSETS LESS CURRENT LIABILITIES

26,167

26,753

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

26,067

26,653

SHAREHOLDERS' FUNDS

26,167

26,753

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 April 2015 and were signed by:

E F Butler - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Having considered the profitability of future operations, the director is satisfied that the going concern

basis of accounting is appropriate in relation to the preparation of these accounts.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 August 2013

and 31 July 2014

157,655

DEPRECIATION

At 1 August 2013

155,653

Charge for year

500

At 31 July 2014

156,153

NET BOOK VALUE

At 31 July 2014

1,502

At 31 July 2013

2,002

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31 July 2013:

31.7.14

31.7.13

£

£

E F Butler

Balance outstanding at start of year

1,956

9,380

Amounts advanced

19,884

-

Amounts repaid

(4,522

)

(7,424

)

Balance outstanding at end of year

17,318

1,956