Company Registration No. 07218757 (England and Wales)
PHIL OLIVER SOLUTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
PHIL OLIVER SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PHIL OLIVER SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Stocks
2,500
2,500
Cash at bank and in hand
14,924
14,766
17,424
17,266
Creditors: amounts falling due within one year
(16,188)
(16,929)
Total assets less current liabilities
1,236
337
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
1,136
237
Shareholders' funds
1,236
337
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 4 May 2016
B P Oliver
Director
Company Registration No. 07218757
PHIL OLIVER SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Income is recognised as the right to consideration arises.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
3
Related party relationships and transactions
Other transactions
At the balance sheet date the company owed B P Oliver £1,262 (2015: £18), and is shown within other creditors. No interest is being accrued on amounts outstanding.
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