Phil Bessant Limited - Abbreviated accounts 16.1

Phil Bessant Limited - Abbreviated accounts 16.1

PHIL BESSANT LIMITED - Company Information

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REGISTERED NUMBER: 07925162 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Phil Bessant Limited

Phil Bessant Limited (Registered number: 07925162)

Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Phil Bessant Limited

Company Information
for the Year Ended 31 January 2016







DIRECTORS: P M Bessant FCMA CGMA
Mrs K J Bessant





REGISTERED OFFICE: 72 Caerau Road
Newport
NP20 4HJ





REGISTERED NUMBER: 07925162 (England and Wales)





ACCOUNTANTS: Phil Bessant Limited
Chartered Management Accountants
72 Caerau Road
Newport
SOUTH WALES
NP20 4HJ
Page 1
Phil Bessant Limited (Registered number: 07925162)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 16,000 18,500
Tangible assets 3 7,067 6,920
23,067 25,420

CURRENT ASSETS
Debtors 29,452 68,532
Cash at bank and in hand 81,176 23,051
110,628 91,583
CREDITORS
Amounts falling due within one year 77,116 61,339
NET CURRENT ASSETS 33,512 30,244
TOTAL ASSETS LESS CURRENT
LIABILITIES
56,579
55,664

CREDITORS
Amounts falling due after more than one
year
14,383
6,193
NET ASSETS 42,196 49,471

CAPITAL AND RESERVES
Called up share capital 4 100 100
Share premium 10,000 10,000
Profit and loss account 32,096 39,371
SHAREHOLDERS' FUNDS 42,196 49,471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 notes form part of these abbreviated accounts

Page 2 continued...
Phil Bessant Limited (Registered number: 07925162)

Abbreviated Balance Sheet - continued
31 January 2016


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 24 October 2016 and were signed on its behalf by:




Mrs K J Bessant - Director



P M Bessant FCMA CGMA - Director


The notes form part of these abbreviated accounts

Page 3
Phil Bessant Limited (Registered number: 07925162)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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


Computer Equipment and Fixtures & Fittings 25% Straight Line

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.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 25,000
AMORTISATION
At 1 February 2015 6,500
Amortisation for year 2,500
At 31 January 2016 9,000
NET BOOK VALUE

At 31 January 2016 16,000
At 31 January 2015 18,500

Page 4 continued...
Phil Bessant Limited (Registered number: 07925162)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 25,182
Additions 6,443
At 31 January 2016 31,625
DEPRECIATION
At 1 February 2015 18,262
Charge for year 6,296
At 31 January 2016 24,558
NET BOOK VALUE
At 31 January 2016 7,067
At 31 January 2015 6,920

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary £1 100 100

Page 5