P H PRODUCTION SERVICES LTD - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 04656554 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

P H PRODUCTION SERVICES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P O Herbert

J C Herbert

REGISTERED OFFICE:

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

REGISTERED NUMBER:

04656554 (England and Wales)

ACCOUNTANTS:

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

FIXED ASSETS

Intangible assets

4

1,000

1,500

Property, plant and equipment

5

17,000

10,000

18,000

11,500

CURRENT ASSETS

Debtors: amounts falling due within one year

6

10,710

11,992

Cash at bank

3,733

17,424

14,443

29,416

CREDITORS

Amounts falling due within one year

7

7,499

8,948

NET CURRENT ASSETS

6,944

20,468

TOTAL ASSETS LESS CURRENT LIABILITIES

24,944

31,968

PROVISIONS FOR LIABILITIES

3,400

-

NET ASSETS

21,544

31,968

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

21,543

31,967

SHAREHOLDERS' FUNDS

21,544

31,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 19 September 2016 and were signed on its behalf by:

P O Herbert - Director

1.	STATUTORY INFORMATION

P H PRODUCTION SERVICES LTD is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

These financial statements for the year ended 29th February 2016 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 1st March 2014.

The transition to FRS 102 Section 1A small entities has not resulted in any material changes in accounting

policies to those previously used.

The financial statements have been prepared on a going concern basis which assumes that the Company will

continue in operational existence for the foreseeable future.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2015

and 29 February 2016

7,500

AMORTISATION

At 1 March 2015

6,000

Amortisation for year

500

At 29 February 2016

6,500

NET BOOK VALUE

At 29 February 2016

1,000

At 28 February 2015

1,500

5.	PROPERTY, PLANT AND EQUIPMENT

Equipment

£

COST

At 1 March 2015

31,029

Additions

12,788

At 29 February 2016

43,817

DEPRECIATION

At 1 March 2015

21,029

Charge for year

5,788

At 29 February 2016

26,817

NET BOOK VALUE

At 29 February 2016

17,000

At 28 February 2015

10,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

7,020

2,496

Directors' current accounts

-

7,306

Debtors and Prepayments

3,690

2,190

10,710

11,992

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Social security and other taxes

482

7,363

Directors' current accounts

5,120

-

Creditors and Accruals

1,897

1,585

7,499

8,948

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 March 2015

31,967

Deficit for the year

(2,424

)

Dividends

(8,000

)

At 29 February 2016

21,543

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 were paid to the directors .

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of P H PRODUCTION SERVICES LTD for the year ended 29 February 2016 which comprise the

Statement of Comprehensive Income, Statement of Financial Position, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of P H PRODUCTION SERVICES LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P H PRODUCTION SERVICES LTD and state those matters that we have agreed to state to the Board of Directors of P H PRODUCTION SERVICES LTD, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P H PRODUCTION SERVICES LTD 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 loss of P H PRODUCTION SERVICES LTD. You consider that P H PRODUCTION SERVICES LTD 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 P H PRODUCTION SERVICES LTD. 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 financial statements.

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

19 September 2016