Perseus Risk Management Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07069032 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

Perseus Risk Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Lambert

SECRETARY:

J J Rowlinson

REGISTERED OFFICE:

32 Adkinson Avenue

Dunchurch

Rugby

Warwickshire

CV22 6RG

REGISTERED NUMBER:

07069032 (England and Wales)

ACCOUNTANTS:

Create Tax Solutions Limited

7.03, The Deco Building

Paintworks, Bath Road

Bristol

BS4 3EA

FIXED ASSETS

Tangible assets

2

4,755

3,485

CURRENT ASSETS

Stocks

9,000

-

Debtors

11,162

1,695

Cash at bank

6,637

11,634

26,799

13,329

CREDITORS

Amounts falling due within one year

30,716

36,042

NET CURRENT LIABILITIES

(3,917

)

(22,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

838

(19,228

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

738

(19,328

)

SHAREHOLDERS' FUNDS

838

(19,228

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 30 August 2014 and were signed by:

S Lambert - 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

5,058

Additions

2,683

At 30 November 2013

7,741

DEPRECIATION

At 1 December 2012

1,573

Charge for year

1,413

At 30 November 2013

2,986

NET BOOK VALUE

At 30 November 2013

4,755

At 30 November 2012

3,485

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

100

ordinary

1

100

100

4.	ULTIMATE CONTROLLING PARTY

The controlling party is S Lambert.