PM Associates Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08321880 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

PM ASSOCIATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R P Hutchinson

REGISTERED OFFICE:

7 Audern Road

Scunthorpe

North Lincolnshire

DN16 3LH

REGISTERED NUMBER:

08321880 (England and Wales)

ACCOUNTANTS:

Wilson Sharpe & Co

Chartered Accountants

27 Osborne Street

Grimsby

N E Lincs

DN31 1NU

FIXED ASSETS

Intangible assets

2

7,500

10,000

Tangible assets

3

501

669

8,001

10,669

CURRENT ASSETS

Debtors

7,620

2,934

Cash at bank

72,407

49,251

80,027

52,185

CREDITORS

Amounts falling due within one year

37,954

34,929

NET CURRENT ASSETS

42,073

17,256

TOTAL ASSETS LESS CURRENT LIABILITIES

50,074

27,925

PROVISIONS FOR LIABILITIES

88

118

NET ASSETS

49,986

27,807

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

49,985

27,806

SHAREHOLDERS' FUNDS

49,986

27,807

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 his 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 22 September 2015 and were signed by:

R P Hutchinson - 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 the value, excluding value added tax, of services supplied to customers during

the year.

Franchise fee

The franchise fee is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

12,500

AMORTISATION

At 1 January 2014

2,500

Amortisation for year

2,500

At 31 December 2014

5,000

NET BOOK VALUE

At 31 December 2014

7,500

At 31 December 2013

10,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

802

DEPRECIATION

At 1 January 2014

133

Charge for year

168

At 31 December 2014

301

NET BOOK VALUE

At 31 December 2014

501

At 31 December 2013

669

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1