Abbreviated Company Accounts - PTX SOLUTIONS LIMITED

PTX SOLUTIONS LIMITED - Company Information

07635999 PTX SOLUTIONS LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 07635999 2015-06-01 2016-05-31 07635999 2016-05-31 07635999 2015-05-31 07635999 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 07635999 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 07635999

PTX SOLUTIONS LIMITED

Abbreviated Accounts

31 May 2016

PTX SOLUTIONS LIMITED Registered Number 07635999

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,115	1,028
		1,115	1,028
Current assets
Debtors		7,812	504
Cash at bank and in hand		314,489	340,896
		322,301	341,400
Creditors: amounts falling due within one year		(44,847)	(54,514)
Net current assets (liabilities)		277,454	286,886
Total assets less current liabilities		278,569	287,914
Total net assets (liabilities)		278,569	287,914
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		278,469	287,814
Shareholders' funds		278,569	287,914

For the year ending 31 May 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 8 September 2016

And signed on their behalf by:
Grant Langdon, Director

PTX SOLUTIONS LIMITED Registered Number 07635999

Notes to the Abbreviated Accounts for the period ended 31 May 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% net book value
Motor vehicles 20% net book value

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 June 2015	2,059
Additions	366
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	2,425
Depreciation
At 1 June 2015	1,031
Charge for the year	279
On disposals	-
At 31 May 2016	1,310
Net book values
At 31 May 2016	1,115
At 31 May 2015	1,028

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100