Personal Summits Limited,Ltd - Accounts

Personal Summits Limited,Ltd - Accounts

PERSONAL SUMMITS LIMITED - Company Information

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2015-04-01 true false Private Limited Company 04707267 2016-03-31 04707267 2015-04-01 2016-03-31 04707267 2015-03-31 04707267 2014-04-01 2015-03-31 04707267 uk-bus:Director1 2015-04-01 2016-03-31 04707267 uk-gaap:ComputerEquipment 2015-04-01 2016-03-31 04707267 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 iso4217:GBP
Personal Summits Limited
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04707267
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Contents Page
Personal Summits Limited
For the year ended 31 March 2016
1
Accountant's Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Personal Summits Limited
Chartered Accountant's Report
For the year ended 31 March 2016
Chartered Accountant's Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Personal Summits Limited for the year ended 31 March 2016 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to
its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Personal Summits Limited, as a body, in accordance with the
terms of our engagement letter dated 1 November 2013. Our work has been undertaken solely to prepare for your
approval the accounts of Personal Summits Limited and state those matters that we have agreed to state to the
Board of Directors of Personal Summits Limited, as a body, in this report in accordance with AAF 2/10 as detailed
at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than Personal Summits Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Personal Summits Limited has kept adequate accounting records to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and loss of Personal Summits
Limited. You consider that Personal Summits Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Personal Summits Limited. For this
reason, 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, therefore, express any opinion on the statutory accounts.
RB Chartered Accountant
Meeson House
76 Pinfold Lane
Penkridge
Staffordshire
ST19 5AP
23 June 2016
Dated:
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Abbreviated Balance Sheet
Personal Summits Limited
As at 31 March 2016
04707267
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
577
767
577
767
Current assets
Debtors
17,640
1,380
Cash at bank and in hand
2,399
6,291
3,779
23,931
Creditors: amounts falling due within one year
(23,855)
(9,691)
76
(5,912)
Net current liabilities
Total assets less current liabilities
(5,335)
843
(5,335)
Net assets/liabilities
843
Capital and reserves
Called up share capital
10
10
Profit and loss account
(5,345)
833
(5,335)
843
Shareholders funds
For the 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 responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 23 June 2016
Richard Bisiker Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Personal Summits Limited
For the year ended 31 March 2016
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
33% Straight line
Fixtures and Fittings
20% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
12,087
At 01 April 2015
At 31 March 2016
12,087
Depreciation
11,320
At 01 April 2015
190
Charge for year
11,510
At 31 March 2016
Net book values
At 31 March 2016
577
767
At 31 March 2015
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