PST Business Solutions Ltd - Period Ending 2015-04-30

Registration number: 05470622

PST Business Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

AIMs Accountants for Business
Chartered Institute of Management Accountants
Twitchen
Odiham Road
Riseley
Berks
RG7 1SD

PST Business Solutions Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
PST Business Solutions Ltd
for the Year Ended 30 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PST Business Solutions Ltd for the year ended 30 April 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants in England and Wales (ACMA), we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of PST Business Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 10 November 2010. Our work has been undertaken solely to prepare for your approval the accounts of PST Business Solutions Ltd 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 PST Business Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that PST Business Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PST Business Solutions Ltd. You consider that PST Business Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of PST Business Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMs Accountants for Business
Chartered Institute of Management Accountants
Twitchen
Odiham Road
Riseley
Berks
RG7 1SD

31 October 2015

Page 1

PST Business Solutions Ltd
(Registration number: 05470622)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					80			346
Current assets
Debtors					70,911			74,723
Cash at bank and in hand					15			16
					70,926			74,739
Creditors: Amounts falling due within one year					(68,417)			(86,472)
Net current assets/(liabilities)					2,509			(11,733)
Net assets/(liabilities)					2,589			(11,387)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					2,588			(11,388)
Shareholders' funds/(deficit)					2,589			(11,387)

For the year ending 30 April 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 .

Approved by the Board on 31 October 2015 and signed on its behalf by:

.........................................
Mr Paul Alderson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

PST Business Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis
Motor vehicles	25% straight line basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Page 3

PST Business Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		5,751			5,751
At 30 April 2015		5,751			5,751
Depreciation
At 1 May 2014		5,405			5,405
Charge for the year		266			266
At 30 April 2015		5,671			5,671
Net book value
At 30 April 2015		80			80
At 30 April 2014		346			346

3	Share capital

Allotted, called up and fully paid shares

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

Page 4