P.f.i. (Holdings) Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03454673 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

P.f.i. (Holdings) Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P Begley

SECRETARY:

REGISTERED OFFICE:

The Barn, Duck End

Offord Road

Graveley

St Neots

Cambridgeshire

PE19 6PP

REGISTERED NUMBER:

03454673 (England and Wales)

ACCOUNTANTS:

John Wheeler Accountancy Ltd

The Barn

Duck End

Offord Road, Graveley

St Neots

Cambridgeshire

PE19 6PP

FIXED ASSETS

Intangible assets

2

20,109

20,109

Tangible assets

3

50,240

5,807

70,349

25,916

CURRENT ASSETS

Stocks

11,686

10,526

Debtors

38,961

24,780

Cash at bank

131

131

50,778

35,437

CREDITORS

Amounts falling due within one year

114,722

57,171

NET CURRENT LIABILITIES

(63,944

)

(21,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,405

4,182

CAPITAL AND RESERVES

Called up share capital

4

10,002

10,002

Profit and loss account

(3,597

)

(5,820

)

SHAREHOLDERS' FUNDS

6,405

4,182

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 2 July 2015 and were signed by:

Mr P Begley - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Stocks

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

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

33,515

AMORTISATION

At 1 January 2014

and 31 December 2014

13,406

NET BOOK VALUE

At 31 December 2014

20,109

At 31 December 2013

20,109

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

18,621

Additions

56,993

At 31 December 2014

75,614

DEPRECIATION

At 1 January 2014

12,814

Charge for year

12,560

At 31 December 2014

25,374

NET BOOK VALUE

At 31 December 2014

50,240

At 31 December 2013

5,807

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

10,002

10,002