PA Simmonds Ltd - Limited company - abbreviated - 11.9

PA Simmonds Ltd - Limited company - abbreviated - 11.9

P A SIMMONDS LIMITED - Company Information

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REGISTERED NUMBER: 07122985 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

PA SIMMONDS LTD

PA SIMMONDS LTD (REGISTERED NUMBER: 07122985)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

PA SIMMONDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: P A Simmonds





SECRETARY: Mrs E L Simmonds





REGISTERED OFFICE: 19 Goldington Road
Bedford
MK40 3JY





REGISTERED NUMBER: 07122985 (England and Wales)





ACCOUNTANTS: Steve Monico Limited
Chartered Accountants
19 Goldington Road
Bedford
MK40 3JY
Page 1
PA SIMMONDS LTD (REGISTERED NUMBER: 07122985)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 25,000 50,000
Tangible assets 3 5,351 8,170
30,351 58,170

CURRENT ASSETS
Debtors 6,029 17,677
Cash at bank and in hand 7,505 50
13,534 17,727
CREDITORS
Amounts falling due within one year 42,527 74,072
NET CURRENT LIABILITIES (28,993 ) (56,345 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,358
1,825

PROVISIONS FOR LIABILITIES 1,070 1,634
NET ASSETS 288 191

CAPITAL AND RESERVES
Called up share capital 4 100 100
Retained earnings 188 91
SHAREHOLDERS' FUNDS 288 191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
PA SIMMONDS LTD (REGISTERED NUMBER: 07122985)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


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 19 February 2016 and were signed by:





P A Simmonds - Director


The notes form part of these abbreviated accounts

Page 3
PA SIMMONDS LTD (REGISTERED NUMBER: 07122985)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents commissions due in respect of the period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised
evenly over its estimated useful life of four years.

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 - 33% on cost
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 profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 100,000
AMORTISATION
At 1 February 2015 50,000
Amortisation for year 25,000
At 31 January 2016 75,000
NET BOOK VALUE

At 31 January 2016 25,000
At 31 January 2015 50,000

Page 4 continued...
PA SIMMONDS LTD (REGISTERED NUMBER: 07122985)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 11,375
Additions 772
At 31 January 2016 12,147
DEPRECIATION
At 1 February 2015 3,205
Charge for year 3,591
At 31 January 2016 6,796
NET BOOK VALUE
At 31 January 2016 5,351
At 31 January 2015 8,170

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PA SIMMONDS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of PA Simmonds Ltd for the year ended 31 January 2016 which comprise the Income Statement,
Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and the related
notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of PA Simmonds Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PA Simmonds Ltd and state those matters that we have agreed to state to the director of PA Simmonds Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that PA Simmonds Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PA Simmonds Ltd. You consider that PA Simmonds Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PA Simmonds Ltd. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Steve Monico Limited
Chartered Accountants
19 Goldington Road
Bedford
MK40 3JY


19 February 2016

This page does not form part of the abbreviated accounts

Page 6