Personal Touch Financial Services (Solent) Limited

Personal Touch Financial Services (Solent) Limited

PERSONAL TOUCH FINANCIAL SERVICES (SOLENT) LIMITED - Company Information

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Company Registration No. 6010134 (England and Wales)
Personal Touch Financial Services (Solent) Limited Unaudited accounts for the year ended 31 March 2021
Personal Touch Financial Services (Solent) Limited Unaudited accounts Contents
Page
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Personal Touch Financial Services (Solent) Limited Company Information for the year ended 31 March 2021
Director
R Burrows
Secretary
Mrs J Burrows
Company Number
6010134 (England and Wales)
Registered Office
5 Horseshoe Drive Romsey Hampshire SO51 7TP
Accountants
Silvasmiths Limited 5 Horseshoe Drive Romsey Hampshire SO51 7TP
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Personal Touch Financial Services (Solent) Limited for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Personal Touch Financial Services (Solent) Limited for the year ended 31 March 2021 as set out on pages 5 - 7 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.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Silvasmiths Limited Chartered Accountants 5 Horseshoe Drive Romsey Hampshire SO51 7TP 8 July 2021
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Personal Touch Financial Services (Solent) Limited Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
3,957 
4,655 
Current assets
Debtors
6
401 
733 
Cash at bank and in hand
65,852 
61,628 
66,253 
62,361 
Creditors: amounts falling due within one year
7
(26,147)
(28,816)
Net current assets
40,106 
33,545 
Net assets
44,063 
38,200 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
43,963 
38,100 
Shareholders' funds
44,063 
38,200 
For the year ending 31 March 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 July 2021 and were signed on its behalf by
R Burrows Director Company Registration No. 6010134
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Personal Touch Financial Services (Solent) Limited Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
Personal Touch Financial Services (Solent) Limited is a private company, limited by shares, registered in England and Wales, registration number 6010134. The registered office is 5 Horseshoe Drive, Romsey, Hampshire, SO51 7TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% reducing balance basis
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2020
66,000 
At 31 March 2021
66,000 
Amortisation
At 1 April 2020
66,000 
At 31 March 2021
66,000 
Net book value
At 31 March 2021
- 
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Personal Touch Financial Services (Solent) Limited Notes to the Accounts for the year ended 31 March 2021
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2020
9,640 
At 31 March 2021
9,640 
Depreciation
At 1 April 2020
4,985 
Charge for the year
698 
At 31 March 2021
5,683 
Net book value
At 31 March 2021
3,957 
At 31 March 2020
4,655 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
401 
733 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
- 
102 
Taxes and social security
15,822 
17,212 
Other creditors
2,710 
3,321 
Loans from directors
7,615 
8,181 
26,147 
28,816 
8
Average number of employees
During the year the average number of employees was 4 (2020: 4).
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