Expert Psychological Reports Ltd - Limited company - abbreviated - 11.9
Expert Psychological Reports Ltd - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2015 |
FOR |
EXPERT PSYCHOLOGICAL REPORTS LTD |
EXPERT PSYCHOLOGICAL REPORTS LTD (REGISTERED NUMBER: 08073738) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2015 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 3 |
EXPERT PSYCHOLOGICAL REPORTS LTD (REGISTERED NUMBER: 08073738) |
ABBREVIATED BALANCE SHEET |
31 MAY 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
EXPERT PSYCHOLOGICAL REPORTS LTD (REGISTERED NUMBER: 08073738) |
ABBREVIATED BALANCE SHEET - continued |
31 MAY 2015 |
The director acknowledges his 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 financial statements were approved by the director on |
EXPERT PSYCHOLOGICAL REPORTS LTD (REGISTERED NUMBER: 08073738) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2015 |
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). |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as |
a small company. |
Turnover |
Turnover represents amounts receivable for services net of VAT and trade discounts. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
Revenue recognition |
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration |
in exchange for the supply of services that it provides. It is measured at the fair value of the right to |
consideration, which represents amounts chargeable to customers. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2014 |
Additions |
Disposals | ( |
) |
At 31 May 2015 |
DEPRECIATION |
At 1 June 2014 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 May 2015 |
NET BOOK VALUE |
At 31 May 2015 |
At 31 May 2014 |
EXPERT PSYCHOLOGICAL REPORTS LTD (REGISTERED NUMBER: 08073738) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MAY 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 May 2015 and |
31 May 2014: |
2015 | 2014 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
The above loan account is unsecured, interest bearing and repayable on demand, the maximum amount the |
loan account was overdrawn during the period was £305,638. Where the loan account was overdrawn during |
the year interest has been charged at 3.25%. |