PH ALGORITHMS LIMITED - Abbreviated accounts

PH ALGORITHMS LIMITED - Company Information

Registered number

03073836

PH ALGORITHMS LIMITED

ABBREVIATED ACCOUNTS

28 FEBRUARY 2015

PH ALGORITHMS LIMITED

ABBREVIATED BALANCE SHEET

as at 28 February 2015
Company Registration No.		03073836


Notes				2015			2014
£					£
Fixed assets
Tangible assets		2		377			503

Current assets
Debtors			21,069			27,832

Creditors: amounts falling due within one year			(20,788)			(27,788)

Net current assets				281			44

Net assets				658			547

Capital and reserves
Called up share capital		3		314			314
Profit and loss account				344			233

Shareholders' funds				658			547

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Director's responsibilities:
-	The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-	The director acknowledges his responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).


Approved by the board on 10 December 2015



………………………………………
Padraig Hood
Director

PH ALGORITHMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015


1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

	Fixtures, fittings and equipment			20% straight line


	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 March 2014					14,348
	At 28 February 2015					14,348

	Depreciation
	At 1 March 2014					13,845
	Charge for the year					126
	At 28 February 2015					13,971

	Net book value
	At 28 February 2015					377
	At 28 February 2014					503


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	A Ordinary shares	£1 each		214		214		214
	B Ordinary shares	£1 each		100		100		100
						314		314