Phil Anderson Financial Services Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC409185 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

PHIL ANDERSON FINANCIAL SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Anderson

Miss M Fraser

SECRETARY:

Miss M Fraser

REGISTERED OFFICE:

117 Ness Circle

Ellon

AB41 9BU

REGISTERED NUMBER:

SC409185 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

58 Queens Road

Aberdeen

Grampian

AB15 4YE

FIXED ASSETS

Intangible assets

2

50

62

Tangible assets

3

8,244

6,454

8,294

6,516

CURRENT ASSETS

Debtors

2,600

6,109

Cash at bank

32,886

17,999

35,486

24,108

CREDITORS

Amounts falling due within one year

25,797

27,688

NET CURRENT ASSETS/(LIABILITIES)

9,689

(3,580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,983

2,936

PROVISIONS FOR LIABILITIES

1,649

-

NET ASSETS

16,334

2,936

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

16,332

2,934

SHAREHOLDERS' FUNDS

16,334

2,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 21 January 2016 and were signed on its behalf by:

P Anderson - 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 eight years.

Tangible fixed assets

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

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

100

AMORTISATION

At 1 November 2014

38

Amortisation for year

12

At 31 October 2015

50

NET BOOK VALUE

At 31 October 2015

50

At 31 October 2014

62

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

9,282

Additions

3,849

At 31 October 2015

13,131

DEPRECIATION

At 1 November 2014

2,828

Charge for year

2,059

At 31 October 2015

4,887

NET BOOK VALUE

At 31 October 2015

8,244

At 31 October 2014

6,454

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

2

Ordinary

£1

2

2