The Place Young Peoples Company Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08453467 (England and Wales)

The Place Young Peoples Company Ltd

Abbreviated Accounts

For The Year Ended 31 March 2015

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

27,129

3,163

CURRENT ASSETS

Debtors

3

185,236

31,199

Cash at bank and in hand

86,650

7,564

271,886

38,763

CREDITORS

Amounts falling due within one year

78,760

5,705

NET CURRENT ASSETS

193,126

33,058

TOTAL ASSETS LESS CURRENT LIABILITIES

220,255

36,221

CREDITORS

Amounts falling due after more than one year

(53,193

)

(54,850

)

PROVISIONS FOR LIABILITIES

(3,205

)

-

NET ASSETS/(LIABILITIES)

163,857

(18,629

)

CAPITAL AND RESERVES

Called up share capital

4

150

150

Profit and loss account

163,707

(18,779

)

SHAREHOLDERS' FUNDS

163,857

(18,629

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 9 October 2015 and were signed on its behalf by:

Mrs K Ford - Director

Ms S Frankish - 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.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

10% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

3,514

Additions

27,652

At 31 March 2015

31,166

DEPRECIATION

At 1 April 2014

351

Charge for year

3,686

At 31 March 2015

4,037

NET BOOK VALUE

At 31 March 2015

27,129

At 31 March 2014

3,163

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 25,833

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

150

Class A

£1

150

150