| Phare-Tech Limited |
|
| Report to the director on the preparation of the unaudited abbreviated accounts of Phare-Tech Limited for the year ended 31 December 2013 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Phare-Tech Limited for the year ended 31 December 2013 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
| This report is made solely to the Board of Directors of Phare-Tech Limited, as a body, in accordance with the terms of our engagement letter dated 17 October 2010. Our work has been undertaken solely to prepare for your approval the accounts of Phare-Tech Limited and state those matters that we have agreed to state to the Board of Directors of Phare-Tech Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phare-Tech Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Phare-Tech Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Phare-Tech Limited. You consider that Phare-Tech Limited is exempt from the statutory audit requirement for the year. |
| We have not carried out an audit or a review of the accounts of Phare-Tech Limited. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not express any opinion on the abbreviated accounts. |
|
| TLA Business Services |
| Chartered Management Accountants |
| 1 King Street |
| Worcester |
| WR1 2NX |
|
| 6 September 2014 |
|
| Phare-Tech Limited |
| Registered number: |
06301998 |
| Abbreviated Balance Sheet |
| as at 31 December 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
4,591 |
|
|
1,980 |
|
| Current assets |
| Debtors |
|
|
74,400 |
|
|
17,571 |
| Cash at bank and in hand |
|
|
30,162 |
|
|
8,352 |
|
|
|
104,562 |
|
|
25,923 |
|
| Creditors: amounts falling due within one year |
|
|
(66,361) |
|
|
(19,552) |
|
| Net current assets |
|
|
|
38,201 |
|
|
6,371 |
|
| Total assets less current liabilities |
|
|
|
42,792 |
|
|
8,351 |
|
|
| Provisions for liabilities |
|
|
|
(918) |
|
|
(396) |
|
|
| Net assets |
|
|
|
41,874 |
|
|
7,955 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
41,872 |
|
|
7,953 |
|
| Shareholder's funds |
|
|
|
41,874 |
|
|
7,955 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| R Capolongo |
| Director |
| Approved by the board on 6 September 2014 |
|
| Phare-Tech Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Computer equipment |
33% straight line |
|
Other equipment |
25% straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2013 |
10,982 |
|
Additions |
4,195 |
|
At 31 December 2013 |
15,177 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2013 |
9,002 |
|
Charge for the year |
1,584 |
|
At 31 December 2013 |
10,586 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2013 |
4,591 |
|
At 31 December 2012 |
1,980 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
