Public Loss Adjusting Group Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04367706 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Public Loss Adjusting Group Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs G M Goth

A J Mulligan

G J Rogers

S Colburn

SECRETARY:

Mrs D Smith

REGISTERED OFFICE:

The Coppice

5 Hazelwood Drive

Hesketh Bank

Preston

Lancashire

PR4 6PJ

REGISTERED NUMBER:

04367706 (England and Wales)

ACCOUNTANTS:

Nathans

Chartered Certified Accountants

10 Coniston Road

Blackpool

Lancashire

FY4 2BY

FIXED ASSETS

Intangible assets

2

2,000

3,000

Tangible assets

3

75,244

103,476

Investments

4

4,000

4,000

81,244

110,476

CURRENT ASSETS

Debtors

438,554

323,006

Cash at bank and in hand

91,911

31,848

530,465

354,854

CREDITORS

Amounts falling due within one year

215,604

234,472

NET CURRENT ASSETS

314,861

120,382

TOTAL ASSETS LESS CURRENT LIABILITIES

396,105

230,858

CREDITORS

Amounts falling due after more than one year

(96,007

)

(22,222

)

PROVISIONS FOR LIABILITIES

(4,893

)

(13,638

)

NET ASSETS

295,205

194,998

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Profit and loss account

285,205

184,998

SHAREHOLDERS' FUNDS

295,205

194,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 6 September 2016 and were signed on its behalf by:

Mrs G M Goth - Director

A J Mulligan - Director

G J Rogers - Director

S Colburn - 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 January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in

respect of service contracts where turnover is recognised when the company obtains the

right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,000

AMORTISATION

At 1 April 2015

7,000

Amortisation for year

1,000

At 31 March 2016

8,000

NET BOOK VALUE

At 31 March 2016

2,000

At 31 March 2015

3,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

247,495

Additions

11,197

At 31 March 2016

258,692

DEPRECIATION

At 1 April 2015

144,019

Charge for year

39,429

At 31 March 2016

183,448

NET BOOK VALUE

At 31 March 2016

75,244

At 31 March 2015

103,476

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

4,000

NET BOOK VALUE

At 31 March 2016

4,000

At 31 March 2015

4,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

1,000,000

Ordinary

0.01

10,000

10,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 March 2016 and 31 March 2015:

31.3.16

31.3.15

£

£

A J Mulligan

Balance outstanding at start of year

(14,878

)

-

Amounts advanced

72,106

-

Amounts repaid

(57,228

)

(14,878

)

Balance outstanding at end of year

-

(14,878

)