PJ Financial Solutions Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08256439 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

PJ Financial Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

PE Jones

Mrs H M Jones

SECRETARY:

REGISTERED OFFICE:

Office 10

Broadaxe Business Park

Presteigne

Powys

LD8 2UH

REGISTERED NUMBER:

08256439 (England and Wales)

ACCOUNTANTS:

Housego Accountancy & Taxation

Office 10

Broadaxe Business Park

Presteigne

Powys

LD8 2UH

FIXED ASSETS

Intangible assets

2

71,250

80,750

Tangible assets

3

29,220

14,123

100,470

94,873

CURRENT ASSETS

Debtors

7,931

633

Cash at bank

21,317

10,831

29,248

11,464

CREDITORS

Amounts falling due within one year

46,516

45,389

NET CURRENT LIABILITIES

(17,268

)

(33,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

83,202

60,948

CREDITORS

Amounts falling due after more than one year

20,100

20,100

NET ASSETS

63,102

40,848

CAPITAL AND RESERVES

Called up share capital

4

100

2

Profit and loss account

63,002

40,846

SHAREHOLDERS' FUNDS

63,102

40,848

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 31 October 2015 and were signed on its behalf by:

PE Jones - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 20% on a reducing balance basis

Improvements to property 10% on a reducing balance basis

Motor vehicle 25% on a reducing balance basis

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

95,000

AMORTISATION

At 1 April 2014

14,250

Amortisation for year

9,500

At 31 March 2015

23,750

NET BOOK VALUE

At 31 March 2015

71,250

At 31 March 2014

80,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

16,971

Additions

20,786

At 31 March 2015

37,757

DEPRECIATION

At 1 April 2014

2,848

Charge for year

5,689

At 31 March 2015

8,537

NET BOOK VALUE

At 31 March 2015

29,220

At 31 March 2014

14,123

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

1.00

100

2