Abbreviated Company Accounts - FINANCIAL PERFORMANCE SOLUTIONS LTD

FINANCIAL PERFORMANCE SOLUTIONS LTD - Company Information

08692571 FINANCIAL PERFORMANCE SOLUTIONS LTD 2015-12-31 false 2015-01-01 2015-12-31 true 08692571 2015-01-01 2015-12-31 08692571 2015-12-31 08692571 2014-12-31 08692571 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 08692571 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08692571

FINANCIAL PERFORMANCE SOLUTIONS LTD

Abbreviated Accounts

31 December 2015

FINANCIAL PERFORMANCE SOLUTIONS LTD Registered Number 08692571

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,851	4,223
		3,851	4,223
Current assets
Debtors		11,417	13,221
Cash at bank and in hand		50,212	32,158
		61,629	45,379
Creditors: amounts falling due within one year		(29,841)	(29,481)
Net current assets (liabilities)		31,788	15,898
Total assets less current liabilities		35,639	20,121
Total net assets (liabilities)		35,639	20,121
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		35,439	19,921
Shareholders' funds		35,639	20,121

For the year ending 31 December 2015 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 21 September 2016

And signed on their behalf by:
M A Coates, Director

FINANCIAL PERFORMANCE SOLUTIONS LTD Registered Number 08692571

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 net invoiced sales of goods, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company’s pension scheme are charged to the profit and loss account in the period to
which they relate.

2Tangible fixed assets

	£
Cost
At 1 January 2015	5,581
Additions	1,660
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	7,241
Depreciation
At 1 January 2015	1,358
Charge for the year	2,032
On disposals	-
At 31 December 2015	3,390
Net book values
At 31 December 2015	3,851
At 31 December 2014	4,223

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
200 Ordinary shares of £1 each	200	200