PLATOW_ASSOCIATES_LIMITED - Accounts
PLATOW_ASSOCIATES_LIMITED - Accounts
Company Registration No. 03462586 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
WARNEFORD GIBBS
CHARTERED CERTIFIED ACCOUNTANTS
RUISLIP, MIDDLESEX HA4 74E
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF PLATOW ASSOCIATES LIMITED
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Platow Associates Limited for the year ended 30 November 2015 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of Platow Associates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Platow Associates Limited and state those matters that we have agreed to state to the Board of Directors of Platow Associates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Platow Associates Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Platow Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Platow Associates Limited. You consider that Platow Associates 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 financial statements of Platow Associates 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.
Warneford Gibbs
Chartered Certified Accountants
United Kingdom
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(16,469 )
(20,710 )
Net current assets
Total assets less current liabilities
Provisions for liabilities
(170 )
(84 )
6,820
1,700
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2015
- 3 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 24 August 2016
Director
Company Registration No. 03462586
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 4 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Computer and office equipment
1.5
Revenue recognition
Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.
Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.
Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.
1.6
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 5 -
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014
5,052
Additions
535
Disposals
(1,674)
At 30 November 2015
3,913
Depreciation
At 1 December 2014
4,631
On disposals
(1,667)
Charge for the year
98
At 30 November 2015
3,062
Net book value
At 30 November 2015
851
At 30 November 2014
421
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid