Abbreviated Company Accounts - 2PHY LIMITED

05044571 2PHY LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 05044571 2014-03-01 2015-02-28 05044571 2015-02-28 05044571 2014-02-28 05044571 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 05044571 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:Director3 2014-02-28 iso4217:GBP shares

Registered Number 05044571

2PHY LIMITED

Abbreviated Accounts

28 February 2015

2PHY LIMITED Registered Number 05044571

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	500,000	307,382
		500,000	307,382
Current assets
Debtors		3,740	-
Cash at bank and in hand		10,168	5,984
		13,908	5,984
Creditors: amounts falling due within one year		(36,142)	(18,792)
Net current assets (liabilities)		(22,234)	(12,808)
Total assets less current liabilities		477,766	294,574
Creditors: amounts falling due after more than one year		(205,565)	(222,302)
Total net assets (liabilities)		272,201	72,272
Capital and reserves
Called up share capital		100	100
Revaluation reserve		192,618	-
Profit and loss account		79,483	72,172
Shareholders' funds		272,201	72,272

For the year ending 28 February 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 18 November 2015

And signed on their behalf by:
Glenn Barden, Director

2PHY LIMITED Registered Number 05044571

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprised the invoiced value of goods and services supplied by the company, net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold property not depreciated

2Tangible fixed assets

	£
Cost
At 1 March 2014	307,382
Additions	-
Disposals	-
Revaluations	192,618
Transfers	-
At 28 February 2015	500,000
Depreciation
At 1 March 2014	-
Charge for the year	-
On disposals	-
At 28 February 2015	-
Net book values
At 28 February 2015	500,000
At 28 February 2014	307,382

3Transactions with directors

Name of director receiving advance or credit:	Glenn Barden
Description of the transaction:	Loan
Balance at 1 March 2014:	£ 0
Advances or credits made:	£ 1,741
Advances or credits repaid:	-
Balance at 28 February 2015:	£ 1,741