Philippa Seal Limited - Period Ending 2016-09-30

Registration number: 07995949

Philippa Seal Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2016
 

Broadhead Accountants Limited

Philippa Seal Limited
Contents

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

Philippa Seal Limited
Company Information

Director

Philippa Seal

Registered office

37 Dewhurst Road London W14 0ES

Page 1

Philippa Seal Limited
Director's Report for the Year Ended 30 September 2016

The director presents his report and the unaudited financial statements for the year ended 30 September 2016.

Director of the company

The director who held office during the year was as follows:

Philippa Seal

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 27 November 2016 and signed on its behalf by:

.........................................
Philippa Seal
Director

Page 2

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
 Philippa Seal Limitedfor the Year Ended 30 September 2016

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of Philippa Seal Limited for the year ended 30 September 2016. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of Philippa Seal Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Philippa Seal Limited and state those matters that we have agreed to state to them, as a body, 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 Philippa Seal Limited and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.

 
  ......................................
  Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH
 
 
 

28 November 2016

Page 3

Philippa Seal Limited
Profit and Loss Account for the Year Ended 30 September 2016

		Note			2016 £			2015 £
Turnover					22,512			21,533
Administrative expenses					(6,350)			(5,814)
Operating profit					16,162			15,719
Profit on ordinary activities before taxation					16,162			15,719
Tax on profit on ordinary activities		2			(3,232)			(2,584)
Profit for the financial year		5			12,930			13,135

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

Philippa Seal Limited
(Registration number: 07995949)
Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Current assets
Cash at bank and in hand					27,290			13,760
Creditors: Amounts falling due within one year		3			(4,019)			(3,419)
Net assets					23,271			10,341
Capital and reserves
Called up share capital		4			1			1
Profit and loss account		5			23,270			10,340
Shareholders' funds					23,271			10,341

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS 102.

For the year ending 30 September 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 27 November 2016

.........................................
Philippa Seal
Director

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

Philippa Seal Limited
Notes to the Financial Statements for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Taxation

Tax on profit on ordinary activities

		2016 £			2015 £
Current tax
Corporation tax charge		3,232			2,584

3	Creditors: Amounts falling due within one year

		2016 £			2015 £
Trade creditors		-			180
Corporation tax		3,232			2,584
Other creditors		787			655
		4,019			3,419

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

Page 6

Philippa Seal Limited
Notes to the Financial Statements for the Year Ended 30 September 2016
......... continued

5

Reserves

		Profit and loss account £			Total £
At 1 October 2015		10,340			10,340
Profit for the year		12,930			12,930
At 30 September 2016		23,270			23,270

Page 7