Abbreviated Company Accounts - PRICE ANDERSON FINANCIAL SERVICES LIMITED

Abbreviated Company Accounts - PRICE ANDERSON FINANCIAL SERVICES LIMITED

PRICE ANDERSON FINANCIAL SERVICES LIMITED - Company Information

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Registered Number 03329677

PRICE ANDERSON FINANCIAL SERVICES LIMITED

Abbreviated Accounts

31 March 2015

PRICE ANDERSON FINANCIAL SERVICES LIMITED Registered Number 03329677

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 500,000 525,000
Tangible assets 3 1,112 1,670
501,112 526,670
Current assets
Debtors 622,980 83,192
Cash at bank and in hand 1,163,296 707,155
1,786,276 790,347
Creditors: amounts falling due within one year (529,306) (613,922)
Net current assets (liabilities) 1,256,970 176,425
Total assets less current liabilities 1,758,082 703,095
Creditors: amounts falling due after more than one year - (525,000)
Total net assets (liabilities) 1,758,082 178,095
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,758,080 178,093
Shareholders' funds 1,758,082 178,095
  • 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 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 23 December 2015

And signed on their behalf by:
Mr S Sharp, Director

PRICE ANDERSON FINANCIAL SERVICES LIMITED Registered Number 03329677

Notes to the Abbreviated Accounts for the period ended 31 March 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 represents commissions receivable.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment 25% Straight Line
Fixtures, fittings & equipment 25% Straight Line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 April 2014 1,000,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 1,000,000
Amortisation
At 1 April 2014 475,000
Charge for the year 25,000
On disposals -
At 31 March 2015 500,000
Net book values
At 31 March 2015 500,000
At 31 March 2014 525,000
3Tangible fixed assets
£
Cost
At 1 April 2014 162,306
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 162,306
Depreciation
At 1 April 2014 160,636
Charge for the year 558
On disposals -
At 31 March 2015 161,194
Net book values
At 31 March 2015 1,112
At 31 March 2014 1,670