Abbreviated Company Accounts - PINK LILY FINANCIAL SERVICES LTD

1Accounting Policies

Basis of measurement and preparation of accounts
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.

The director acknowledges her 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.

TURNOVER
Turnover represents net invoiced sales of services, excluding value added tax.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

HIRE PURCHASE and LEASING COMMITMENTS
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

ULTIMATE CONTROL
The company is ultimately controlled by the Director.

COMPANY INFORMATION

DIRECTOR:
Mrs L Patey-Smith

SECRETARY:

REGISTERED OFFICE:
The Old Bakery
49 Post Street
Godmanchester
Cambridgeshire
PE29 2AQ

REGISTERED NUMBER:
07525365 (England and Wales)

ACCOUNTANTS:
McMorran Accountancy (R J McMorran Ltd)
The Old Bakery
49 Post Street
Godmanchester
Cambridgeshire
PE29 2AQ

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pink Lily Financial Services LTD for the year ended 28 February 2015 on pages three to seven from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment: 25 Percent on reducing balance