Platinum Living Devon Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06996454 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

PLATINUM LIVING DEVON LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A J Lockwood

Mrs B Brady Lockwood

REGISTERED OFFICE:

Queensgate House

48 Queen Street

Exeter

Devon

EX4 3SR

REGISTERED NUMBER:

06996454 (England and Wales)

ACCOUNTANTS:

Bush & Co Limited

Chartered Accountants

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Tangible assets

2

3,265

3,032

CURRENT ASSETS

Debtors

53,283

62,164

Cash at bank

7,262

9,134

60,545

71,298

CREDITORS

Amounts falling due within one year

21,769

25,944

NET CURRENT ASSETS

38,776

45,354

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,041

48,386

PROVISIONS FOR LIABILITIES

653

606

NET ASSETS

41,388

47,780

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

41,386

47,778

SHAREHOLDERS' FUNDS

41,388

47,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors on 26 May 2016 and were signed
on its behalf by:

A J Lockwood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents invoiced services provided by the Company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Computer equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

9,537

Additions

1,398

At 31 August 2015

10,935

DEPRECIATION

At 1 September 2014

6,505

Charge for year

1,165

At 31 August 2015

7,670

NET BOOK VALUE

At 31 August 2015

3,265

At 31 August 2014

3,032

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 August 2015 and 31 August 2014:

2015

2014

£

A J Lockwood and Mrs B Brady Lockwood

Balance outstanding at start of year

14,493

16,982

Amounts advanced

15,988

15,826

Amounts repaid

(20,510

)

(18,315

)

Balance outstanding at end of year

9,971

14,493