PRACTITIONER_DEVELOPMENT_ - Accounts

PRACTITIONER DEVELOPMENT UK LIMITED - Company Information

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Company Registration No. 04607464 (England and Wales)

PRACTITIONER DEVELOPMENT UK LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

PRACTITIONER DEVELOPMENT UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PRACTITIONER DEVELOPMENT UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

7,296

9,815

Current assets

Debtors

6,558

1,105

Cash at bank and in hand

172,014

145,653

178,572

146,758

Creditors: amounts falling due within one year

(82,145)

(47,367)

Net current assets

96,427

99,391

Total assets less current liabilities

103,723

109,206

Provisions for liabilities

(1,294)

(1,762)

102,429

107,444

Capital and reserves

Called up share capital

225

Profit and loss account

102,204

107,219

Shareholders' funds

102,429

107,444

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 August 2014

Dr D M Sharu

Director

Company Registration No. 04607464

PRACTITIONER DEVELOPMENT UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% reducing balance and 33% straight line

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

25,474

Depreciation

At 1 April 2013

15,659

Charge for the year

2,519

At 31 March 2014

18,178

Net book value

At 31 March 2014

7,296

At 31 March 2013

9,815

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary A of £1 each

100

125 Ordinary B of £1 each

125

225

PRACTITIONER DEVELOPMENT UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Related party relationships and transactions

Loans from directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

D M Sharu -

9,348

(8,238)

1,110

9,348

(8,238)

1,110