Expert Psychological Reports Ltd - Limited company - abbreviated - 11.9

Expert Psychological Reports Ltd - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 08073738 (England and Wales)









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 19,202 28,995

CURRENT ASSETS
Debtors 222,820 211,766
Cash at bank and in hand 8,417 98,354
231,237 310,120
CREDITORS
Amounts falling due within one year 15,091 93,897
NET CURRENT ASSETS 216,146 216,223
TOTAL ASSETS LESS CURRENT LIABILITIES 235,348 245,218

PROVISIONS FOR LIABILITIES 3,841 5,799
NET ASSETS 231,507 239,419

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 231,506 239,418
SHAREHOLDERS' FUNDS 231,507 239,419

EXPERT PSYCHOLOGICAL REPORTS LTD (REGISTERED NUMBER: 08073738)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2015


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 14 January 2016 and were signed by:





Mr A Brown - Director


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

Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 44,289
Additions 5,755
Disposals (210 )
At 31 May 2015 49,834
DEPRECIATION
At 1 June 2014 15,294
Charge for year 15,391
Eliminated on disposal (53 )
At 31 May 2015 30,632
NET BOOK VALUE
At 31 May 2015 19,202
At 31 May 2014 28,995

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: £    £   
1 Ordinary £1 1 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
£    £   
Mr A Brown
Balance outstanding at start of year 43,862 73,987
Amounts advanced 313,363 69,318
Amounts repaid (348,581 ) (99,443 )
Balance outstanding at end of year 8,644 43,862

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%.