Abbreviated Company Accounts - PINK LILY FINANCIAL SERVICES LTD

PINK LILY FINANCIAL SERVICES LTD - Company Information

07525365 PINK LILY FINANCIAL SERVICES LTD 2016-02-29 false 2015-03-01 2016-02-29 true 07525365 2015-03-01 2016-02-29 07525365 2016-02-29 07525365 2015-02-28 07525365 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 07525365 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:Director3 2015-03-01 2016-02-29 uk-gaap-cd-bus:Director3 2016-02-29 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07525365

PINK LILY FINANCIAL SERVICES LTD

Abbreviated Accounts

29 February 2016

PINK LILY FINANCIAL SERVICES LTD Registered Number 07525365

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	927
		-	927
Current assets
Debtors		18,484	17,378
Cash at bank and in hand		14,793	14,407
		33,277	31,785
Creditors: amounts falling due within one year		(10,857)	(15,904)
Net current assets (liabilities)		22,420	15,881
Total assets less current liabilities		22,420	16,808
Total net assets (liabilities)		22,420	16,808
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		22,419	16,807
Shareholders' funds		22,420	16,808

For the year ending 29 February 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 29 November 2016

And signed on their behalf by:
Mrs L Patey-Smith, Director

PINK LILY FINANCIAL SERVICES LTD Registered Number 07525365

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 services, 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 Percent on Reducing Balance

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

ULTIMATE CONTROL
The company is ultimately controlled by the Director.

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.

COMPANY INFORMATION

DIRECTORS:
Mrs L Patey-Smith

SECRETARY:

REGISTERED OFFICE:
The Old Bakery
49 Post Street
Godmanchester
Cambridgeshire
PE29 2AQ

REGISTERED NUMBER:
07525365 (England and Wales)

ACCOUNTANTS:
McMorran Accountancy (R J McMorran Ltd)
The Old Bakery
49 Post Street
Godmanchester
Cambridgeshire
PE29 2AQ

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 four) 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 PINK LILY FINANCIAL SERVICES LIMITED for the year ended 29 February 2016 on pages nil to nil from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

McMorran Accountancy (R J McMorran Ltd)
The Old Bakery
49 Post Street
Godmanchester
Cambridgeshire
PE29 2AQ

2Tangible fixed assets

	£
Cost
At 1 March 2015	1,172
Additions	948
Disposals	(2,120)
Revaluations	-
Transfers	-
At 29 February 2016	0
Depreciation
At 1 March 2015	245
Charge for the year	341
On disposals	(586)
At 29 February 2016	0
Net book values
At 29 February 2016	0
At 28 February 2015	927

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

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

4Transactions with directors

Name of director receiving advance or credit:	Mrs L Patey-Smith
Description of the transaction:	DIRECTOR's ADVANCES, CREDITS AND GUARANTEES
Balance at 1 March 2015:	£ 8,402
Advances or credits made:	£ 18,484
Advances or credits repaid:	£ 8,402
Balance at 29 February 2016:	£ 18,484

The above advances and credits to a director subsisted during the years ended 29 February 2016 and 28 February 2015:.....

The company charged 4% interest on the loan to the director. It was repaid on 6th April 2016.