Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

PIP TEAM LIMITED - Company Information

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PIP TEAM LIMITED

Company Registration Number:
06253782 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

PIP TEAM LIMITED

Abbreviated Balance sheet

As at 31 March 2015


Notes
2015
£
2014
£
Fixed assets
Intangible assets: 2 25 25
Tangible assets: 0 0
Total fixed assets: 25 25
Current assets
Stocks: 0
Debtors: 412,019 185,450
Cash at bank and in hand: 49,253 8,838
Total current assets: 461,272 194,288
Creditors: amounts falling due within one year: ( 30,302 ) ( 29,988 )
Net current assets (liabilities): 430,970 164,300
Total assets less current liabilities: 430,995 164,325
Creditors: amounts falling due after more than one year: ( 247,460 ) ( 2,259 )
Provision for liabilities: 0 0
Total net assets (liabilities): 183,535 162,066

The notes form part of these financial statements

PIP TEAM LIMITED

Balance sheet continued

As at 31 March 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 3 100 100
Revaluation reserve: 0 0
Profit and loss account: 183,435 161,966
Shareholders funds: 183,535 162,066

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 23 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: David Jennings
Status: Director

The notes form part of these financial statements

PIP TEAM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These 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 policy

    Turnover is recognised in the period that the work is done or when paid for by the client, whichever is earlier.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are normally depreciated at a fixed rate of 20% per annum. Some assets, such as computer
    equipment, are depreciated more quickly at a rate based on their likely working life.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are not amortised. The only intangible fixed assets currently on the balance sheet are an equity stake in one of the businesses long-term clients and is valued conservatively at cost.

PIP TEAM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 2. Intangible assets

    Total
    Cost £
    01 April 2014: 25
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2015: 25
    Amortisation
    01 April 2014: 0
    Provided during the period: 0
    On disposals: 0
    Other Adjustments: 0
    31 March 2015: 0
    Net book value
    31 March 2015: 25
    31 March 2014: 25

PIP TEAM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100