PPS Professional Property Services Ltd - Period Ending 2015-03-31

Registration number: 05563857

PPS Professional Property Services Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

CRK Accounting Limited
Suite 4 Crown House
High Street
Hartley Wintney
Hampshire
RG27 8NW

PPS Professional Property Services 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 Director on the Preparation of the Unaudited Statutory Accounts of
PPS Professional Property Services Ltd
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PPS Professional Property Services Ltd for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of PPS Professional Property Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of PPS Professional Property Services Ltd . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PPS Professional Property Services Ltd and its Board of Directors as a body for our work or for this report.

We have not been instructed to carry out an audit or a review of the accounts of PPS Professional Property Services Ltd and therefore do not express any opinion on the statutory accounts.

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

CRK Accounting Limited
Suite 4 Crown House
High Street
Hartley Wintney
Hampshire
RG27 8NW

17 November 2015

Page 1

PPS Professional Property Services Ltd
(Registration number: 05563857)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					11,641			-
Current assets
Debtors					19,544			1
Cash at bank and in hand					49,689			-
					69,233			1
Creditors: Amounts falling due within one year					(54,673)			-
Net current assets					14,560			1
Total assets less current liabilities					26,201			1
Provisions for liabilities					(1,875)			-
Net assets					24,326			1
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					24,325			-
Shareholders' funds					24,326			1

For the year ending 31 March 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 director acknowledges his 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 director on 17 November 2015

.........................................
Mr Jonathan Sayers
Director

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

PPS Professional Property Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 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, 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
Motor vehicles	25% Reducing Balance
Fixtures and fittings	15% Reducing Balance
Office equipment	33% On Cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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

PPS Professional Property Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		5,250			5,250
F&F transferred in at cost		1,298			1,298
Office equipment transferred in		1,339			1,339
Motor vehicles transferred in		29,748			29,748
Motor vehicles depreciation transferred in		(20,336)			(20,336)
F&F depreciation transferred in		(908)			(908)
Office equipment depreciation transferred in		(713)			(713)
At 31 March 2015		15,678			15,678
Depreciation
Charge for the year		4,037			4,037
At 31 March 2015		4,037			4,037
Net book value
At 31 March 2015		11,641			11,641

3	Share capital

Allotted, called up and fully paid shares

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

Page 4