PBK_CONSULTING_LIMITED - Accounts

PBK CONSULTING LIMITED - Company Information

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Company Registration No. 06987137 (England and Wales)

PBK CONSULTING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

PBK CONSULTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PBK CONSULTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

987

1,689

Current assets

Debtors

1,284

9,753

Cash at bank and in hand

3,615

659

4,899

10,412

Creditors: amounts falling due within one year

(27,794)

(11,110)

Net current liabilities

(22,895)

(698)

Total assets less current liabilities

(21,908)

991

Provisions for liabilities

(338)

(21,908)

653

Capital and reserves

Called up share capital

Profit and loss account

(21,909)

652

Shareholders' funds

(21,908)

653

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 October 2015

P Kennedy

Director

Company Registration No. 06987137

PBK CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis due to the continued support of it's directors.

1.2

Turnover

Turnover represents fees receivable net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% straight line method

1.4

Deferred taxation

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

Fixed assets

Tangible assets

Cost

At 1 April 2014

6,260

Additions

199

At 31 March 2015

6,459

Depreciation

At 1 April 2014

4,571

Charge for the period

901

At 31 March 2015

5,472

Net book value

At 31 March 2015

987

At 31 March 2014

1,689

PBK CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each