The Policy Company Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04467732 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

THE POLICY COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P E M Bradshaw

L Bradshaw

SECRETARY:

P E M Bradshaw

REGISTERED OFFICE:

Northwood House

138 Bromham Road

Bedford

Bedfordshire

MK40 2QW

REGISTERED NUMBER:

04467732 (England and Wales)

ACCOUNTANTS:

Garner Associates LLP

Chartered Certified Accountants

Northwood House

138 Bromham Road

Bedford

Bedfordshire

MK40 2QW

FIXED ASSETS

Tangible assets

2

180

269

CURRENT ASSETS

Debtors

3,872

9,951

Cash at bank

25,874

41,679

29,746

51,630

CREDITORS

Amounts falling due within one year

29,052

49,900

NET CURRENT ASSETS

694

1,730

TOTAL ASSETS LESS CURRENT LIABILITIES

874

1,999

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

873

1,998

SHAREHOLDERS' FUNDS

874

1,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 7 August 2014 and were signed on its behalf by:

P E M Bradshaw - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Products sold on an annual basis are

taken to the Profit & Loss Account on a pro rata basis.

Tangible fixed assets

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

Plant and machinery etc

-

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 July 2013

1,300

Disposals

(942

)

At 30 June 2014

358

DEPRECIATION

At 1 July 2013

1,031

Charge for year

89

Eliminated on disposal

(942

)

At 30 June 2014

178

NET BOOK VALUE

At 30 June 2014

180

At 30 June 2013

269

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

1

Ordinary

£1

1

1

4.	DEFERRED TAX

The company has disclosed a deferred tax asset relating to trading losses available to carry forward against future

trading profits of £5,876. The value of this asset is likely to be £1,175 in cash terms.