Philippa Seal Limited - Period Ending 2015-09-30

Registration number: 07995949

Philippa Seal Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Broadhead Accountants Limited

Philippa Seal Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Philippa Seal Limited
for the Year Ended 30 September 2015

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of Philippa Seal Limited for the year ended 30 September 2015. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of Philippa Seal Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Philippa Seal Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philippa Seal Limited and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.

 
  ......................................
  Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH
 
 
 

4 November 2015

Page 1

Philippa Seal Limited
(Registration number: 07995949)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Current assets
Debtors					-			225
Cash at bank and in hand					13,760			548
					13,760			773
Creditors: Amounts falling due within one year					(3,419)			(3,567)
Net assets/(liabilities)					10,341			(2,794)
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					10,340			(2,795)
Shareholders' funds/(deficit)					10,341			(2,794)

For the year ending 30 September 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 3 November 2015

.........................................
Philippa Seal
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Philippa Seal Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

3

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 3