Abbreviated Company Accounts - PHYSICAL EDGE LIMITED

PHYSICAL EDGE LIMITED - Company Information

05903633 PHYSICAL EDGE LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 05903633 2014-09-01 2015-08-31 05903633 2015-08-31 05903633 2014-08-31 05903633 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 05903633 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 05903633

PHYSICAL EDGE LIMITED

Abbreviated Accounts

31 August 2015

PHYSICAL EDGE LIMITED Registered Number 05903633

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,090	6,781
Investments	3	8,757	22,077
		17,847	28,858
Current assets
Debtors		23,528	18,473
Cash at bank and in hand		353,693	284,830
		377,221	303,303
Creditors: amounts falling due within one year		(31,069)	(33,592)
Net current assets (liabilities)		346,152	269,711
Total assets less current liabilities		363,999	298,569
Creditors: amounts falling due after more than one year		(89,044)	(68,684)
Total net assets (liabilities)		274,955	229,885
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		274,855	229,785
Shareholders' funds		274,955	229,885

For the year ending 31 August 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 May 2016

And signed on their behalf by:
R Chong, Director

PHYSICAL EDGE LIMITED Registered Number 05903633

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The company has taken advantage of the exemption in FRS1 from the requirement to produce a cash flow statement because it is a small company.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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

Fixtures, fittings and equipment - 25% reducing balance

Valuation information and policy
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Current asset investments are at the lower of cost and net realisable value.

Other accounting policies
Pensions
The pension cost charged in the financial statements represent the contribution payable by the company during the year.

Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currency are recorded at the date of transactions. All differences are taken to the Profit and Loss account.

2Tangible fixed assets

	£
Cost
At 1 September 2014	20,757
Additions	5,339
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	26,096
Depreciation
At 1 September 2014	13,976
Charge for the year	3,030
On disposals	-
At 31 August 2015	17,006
Net book values
At 31 August 2015	9,090
At 31 August 2014	6,781

3Fixed assets Investments
Investment

Cost/NBV
B/fwd £22,077
Disposal £(13,320)
C/fwd £8,757

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100