Abbreviated Company Accounts - PHELAN & CO (SOUTHERN) LTD

PHELAN & CO (SOUTHERN) LTD - Company Information

07547669 PHELAN & CO (SOUTHERN) LTD 2016-03-31 false 2015-04-01 2016-03-31 true 07547669 2015-04-01 2016-03-31 07547669 2016-03-31 07547669 2015-03-31 07547669 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07547669 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07547669

PHELAN & CO (SOUTHERN) LTD

Abbreviated Accounts

31 March 2016

PHELAN & CO (SOUTHERN) LTD Registered Number 07547669

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,855	9,819
		7,855	9,819
Current assets
Debtors		-	3,689
Cash at bank and in hand		21,335	19,855
		21,335	23,544
Creditors: amounts falling due within one year		(27,582)	(28,522)
Net current assets (liabilities)		(6,247)	(4,978)
Total assets less current liabilities		1,608	4,841
Creditors: amounts falling due after more than one year		(1,495)	(4,484)
Total net assets (liabilities)		113	357
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		103	347
Shareholders' funds		113	357

For the year ending 31 March 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 3 June 2016

And signed on their behalf by:
Mr Alex Phelan, Director

PHELAN & CO (SOUTHERN) LTD Registered Number 07547669

Notes to the Abbreviated Accounts for the period ended 31 March 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 has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	15,178
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	15,178
Depreciation
At 1 April 2015	5,359
Charge for the year	1,964
On disposals	-
At 31 March 2016	7,323
Net book values
At 31 March 2016	7,855
At 31 March 2015	9,819

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

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10