Abbreviated Company Accounts - P SMITH LIMITED

04178135 P SMITH LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04178135 2015-04-01 2016-03-31 04178135 2016-03-31 04178135 2015-03-31 04178135 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04178135 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04178135

P SMITH LIMITED

Abbreviated Accounts

31 March 2016

P SMITH LIMITED Registered Number 04178135

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	367,266
Tangible assets	3	180,497	181,370
		180,497	548,636
Current assets
Debtors		86,476	211,805
Cash at bank and in hand		694,382	24,444
		780,858	236,249
Creditors: amounts falling due within one year		(45,799)	(94,512)
Net current assets (liabilities)		735,059	141,737
Total assets less current liabilities		915,556	690,373
Total net assets (liabilities)		915,556	690,373
Capital and reserves
Called up share capital	4	200	200
Profit and loss account		915,356	690,173
Shareholders' funds		915,556	690,373

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 6 September 2016

And signed on their behalf by:
P Smith, Director

P SMITH LIMITED Registered Number 04178135

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the profit share of P Smith Limited as reflected in the partnership accounts of Ashmole & Co.

Tangible assets depreciation policy
Plant and Machinery - 15% depreciation on cost

2Intangible fixed assets

	£
Cost
At 1 April 2015	367,266
Additions	611
Disposals	(367,877)
Revaluations	-
Transfers	-
At 31 March 2016	0
Amortisation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	0
At 31 March 2015	367,266

3Tangible fixed assets

	£
Cost
At 1 April 2015	186,797
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	186,797
Depreciation
At 1 April 2015	5,427
Charge for the year	873
On disposals	-
At 31 March 2016	6,300
Net book values
At 31 March 2016	180,497
At 31 March 2015	181,370

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
200 Ordinary shares of £1 each	200	200