Phone-In Limited - Abbreviated accounts

Registered number

04857036

Phone-In Limited

Abbreviated Accounts

31 March 2016

Phone-In Limited
Registered number:		04857036
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		5,046			2,370

Current assets
Stocks		19,000			19,000
Debtors		50,714			33,230
Cash at bank and in hand		12,433			22,191
		82,147			74,421

Creditors: amounts falling due within one year		(70,220)			(50,677)

Net current assets			11,927			23,744

Total assets less current liabilities			16,973			26,114


Provisions for liabilities			(745)			(151)


Net assets			16,228			25,963

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			16,128			25,863

Shareholders' funds			16,228			25,963

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr S D Markey
Director
Approved by the board on 15 November 2016

Phone-In Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 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.

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

	Land and buildings			20% straight line
	Plant and machinery			20% reducing balance

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					22,427
	Additions					3,934
	At 31 March 2016					26,361

	Depreciation
	At 1 April 2015					20,057
	Charge for the year					1,258
	At 31 March 2016					21,315

	Net book value
	At 31 March 2016					5,046
	At 31 March 2015					2,370


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100