PB Loans Limited - Period Ending 2015-03-31

Registration number: 07816419

PB Loans Limited
 
  Abbreviated Accounts
 
  for the Year Ended 31 March 2015
 

PB Loans Limited
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Current assets
Debtors					12,259			10,164
Creditors: Amounts falling due within one year					(6,463)			(5,578)
Net assets					5,796			4,586
Capital and reserves
Called up share capital		2			2			2
Profit and loss account					5,794			4,584
Shareholders' funds					5,796			4,586

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

These accounts were approved by the directors and authorised for issue on 27 May 2015 and are signed on their behalf by:

.........................................
 W.T. Munro
 Director
 Company Registration Number: 07816419

The notes on page 2 form an integral part of these financial statements.
Page 1

PB Loans Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015

1	Accounting policies

Basis of preparation

The full accounts, from which these abbreviated accounts have been extracted, 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 interest chargeable in respect of loans to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

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