Platina Solutions Ltd - Period Ending 2015-01-31

Registration number: 03146072

Platina Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Martin Foster & Co. Limited
AIMS Accountants for Business
Offices 2&3 Shannon Court
High Street
High Street
Sandy
Bedfordshire
SG19 1AG

Platina Solutions Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Platina Solutions Ltd
for the Year Ended 31 January 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Platina Solutions Ltd for the year ended 31 January 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Platina Solutions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Platina Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Platina Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Platina Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Platina Solutions Ltd. You consider that Platina Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Platina Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Martin Foster & Co. Limited
AIMS Accountants for Business
Offices 2&3 Shannon Court
High Street
High Street
Sandy
Bedfordshire
SG19 1AG

16 June 2015

Page 1

Platina Solutions Ltd
(Registration number: 03146072)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					648			923
Current assets
Debtors					5,700			4,140
Cash at bank and in hand					12,458			7,454
					18,158			11,594
Creditors: Amounts falling due within one year					(17,541)			(11,481)
Net current assets					617			113
Total assets less current liabilities					1,265			1,036
Provisions for liabilities					(121)			(185)
Net assets					1,144			851
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					1,142			849
Shareholders' funds					1,144			851

For the year ending 31 January 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 director acknowledges his 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 .

Approved by the director on 15 June 2015

.........................................
Mr Russell Cohen
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Platina Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Platina Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		4,774			4,774
At 31 January 2015		4,774			4,774
Depreciation
At 1 February 2014		3,851			3,851
Charge for the year		275			275
At 31 January 2015		4,126			4,126
Net book value
At 31 January 2015		648			648
At 31 January 2014		923			923

3	Share capital

Allotted, called up and fully paid shares

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

4

Control

The company is controlled by the director and his spouse each own 50% of the share capital.

Page 4