Product Research Services Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03121560 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2014

FOR

PRODUCT RESEARCH SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

5

DIRECTORS:

Mrs V P Jarvis

D Jarvis

SECRETARY:

Mrs V P Jarvis

REGISTERED OFFICE:

10 Towerfield Road

Shoeburyness

Essex

SS3 9QE

REGISTERED NUMBER:

03121560 (England and Wales)

ACCOUNTANTS:

Insight Strategic Associates

Chartered Certified Accountants

10 Towerfield Road

Shoeburyness

Essex

SS3 9QE

CURRENT ASSETS

Stocks

13,659

18,624

Debtors

1,584

653

Cash at bank

7

7

15,250

19,284

CREDITORS

Amounts falling due within one year

(17,687

)

(14,795

)

NET CURRENT (LIABILITIES)/ASSETS

(2,437

)

4,489

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,437

)

4,489

CREDITORS

Amounts falling due after more than one year

(1,146

)

(2,396

)

NET (LIABILITIES)/ASSETS

(3,583

)

2,093

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(3,585

)

2,091

SHAREHOLDERS' FUNDS

(3,583

)

2,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26th August 2015 and were signed on its behalf by:

D Jarvis - 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.

Stocks

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

obsolete and slow moving items.

Deferred tax

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

reversed at the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Product Research Services Ltd for the year ended

30th November 2014 which comprise the Profit and Loss Account, the Balance Sheet, and the

related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Product Research Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Product Research Services Ltd and state those matters that we have agreed to state to the Board of Directors of Product Research Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Product Research Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Product Research Services Ltd. You consider that Product Research Services 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 financial statements of Product

Research Services 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 financial statements.

Insight Strategic Associates

Chartered Certified Accountants

10 Towerfield Road

Shoeburyness

Essex

SS3 9QE

26th August 2015