Ph Advantage Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06926505 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 July 2014 to 30 December 2015

for

Ph Advantage Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

Ms K Pascoe

SECRETARY:

REGISTERED OFFICE:

54 Clarendon Road

Watford

Hertfordshire

WD17 1DU

REGISTERED NUMBER:

06926505 (England and Wales)

ACCOUNTANTS:

EHK Consulting

Chartered Accountants

434 Finchley Road

London

NW2 2HY

CURRENT ASSETS

Cash at bank and in hand

6,647

-

CREDITORS

Amounts falling due within one year

(6,256

)

-

NET CURRENT ASSETS

391

-

TOTAL ASSETS LESS CURRENT
LIABILITIES

391

-

CAPITAL AND RESERVES

Called up share capital

2

2,500

Share premium

21,925

Profit and loss account

(24,034

)

(24,425

)

SHAREHOLDERS' FUNDS

391

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28 October 2016 and were signed by:

Ms K Pascoe - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts is prepared on the basis of bank analysis and other information and explanations provided by the

management.

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.12.15

30.6.14

value:

£

250

Ordinary

10

2,500

3.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms K Pascoe.

The ultimate controlling party is Ms. Kim Pascoe, by virtue of her 100% shareholding in the company.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) have

been prepared.

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

statements of Ph Advantage Limited for the period ended 30 December 2015 which comprise the Profit and Loss Account,

the Balance Sheet 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 director of Ph Advantage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ph Advantage Limited and state those matters that we have agreed to state to the director of Ph Advantage Limited 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 director for our work or for this report.

It is your duty to ensure that Ph Advantage Limited 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 profit of Ph Advantage Limited. You consider that Ph Advantage Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ph Advantage Limited. 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.

EHK Consulting

Chartered Accountants

434 Finchley Road

London

NW2 2HY

28 October 2016