Platform 7 Limited - Period Ending 2015-07-31

Platform 7 Limited
Abbreviated Balance Sheet
31 July 2015

 

Company Registration Number: 06634284

		Note			2015 £			2014 £
Fixed assets		2
Tangible fixed assets					486			1,391
Current assets
Debtors					65,468			488
Cash at bank and in hand					34,022			44,079
					99,490			44,567
Creditors: Amounts falling due within one year					(25,279)			(10,809)
Net current assets					74,211			33,758
Net assets					74,697			35,149
Capital and reserves
Called up share capital		3			20,000			20,000
Profit and loss account					54,697			15,149
Shareholders' funds					74,697			35,149

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.

Approved by the Board on 26 April 2016
and signed on its behalf by:

C I Schofield
Director

P L Hurst
Director

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Platform 7 Limited
Notes to the Abbreviated Accounts
Year Ended 31 July 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Exemption from preparing a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Fixtures and fittings

20% straight line basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		4,528			4,528
At 31 July 2015		4,528			4,528
Depreciation
At 1 August 2014		3,137			3,137
Charge for the year		905			905
At 31 July 2015		4,042			4,042
Net book value
At 31 July 2015		486			486
At 31 July 2014		1,391			1,391

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Platform 7 Limited
Notes to the Abbreviated Accounts
Year Ended 31 July 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Equity ordinary shares of £1 each		20,000			20,000			20,000			20,000

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