Perspective Technologies Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04178745

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Perspective Technologies Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr E B Wichmann

Mr D J Wichmann

SECRETARY:

Mr E B Wichmann

REGISTERED OFFICE:

150 Minories

London

EC3N 1LS

REGISTERED NUMBER:

04178745

ACCOUNTANTS:

Northover & Co Accountants Ltd

132A Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Tangible assets

2

2,185

4,257

CURRENT ASSETS

Debtors

30,000

111,900

Cash at bank

512,274

439,403

542,274

551,303

CREDITORS

Amounts falling due within one year

73,417

87,645

NET CURRENT ASSETS

468,857

463,658

TOTAL ASSETS LESS CURRENT
LIABILITIES

471,042

467,915

PROVISIONS FOR LIABILITIES

356

753

NET ASSETS

470,686

467,162

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

470,684

467,160

SHAREHOLDERS' FUNDS

470,686

467,162

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 3 October 2016 and were signed on its
behalf by:

Mr E B Wichmann - Director

Mr D J Wichmann - 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.

Tangible fixed assets

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

Office equipment

-

25% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

37,432

Additions

655

At 31 March 2016

38,087

DEPRECIATION

At 1 April 2015

33,175

Charge for year

2,727

At 31 March 2016

35,902

NET BOOK VALUE

At 31 March 2016

2,185

At 31 March 2015

4,257

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2