PACE_CONSULT_LIMITED - Accounts

PACE CONSULT LIMITED - Company Information

Print Friendly Version

Company Registration No. 05733634 (England and Wales)

PACE CONSULT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

PACE CONSULT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PACE CONSULT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

39,295

41,553

Current assets

Debtors

140,155

166,709

Creditors: amounts falling due within one year

(116,909)

(152,579)

Net current assets

23,246

14,130

Total assets less current liabilities

62,541

55,683

Creditors: amounts falling due after more than one year

(21,431)

Provisions for liabilities

(7,443)

(7,803)

33,667

47,880

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

33,564

47,777

Shareholder's funds

33,667

47,880

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 November 2016

Mr M Jones

Director

Company Registration No. 05733634

PACE CONSULT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% reducing balance

Computer equipment

20% reducing balance

Fixtures, fittings & equipment

20% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

PACE CONSULT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2015

100,919

Additions

7,566

At 30 September 2016

108,485

Depreciation

At 1 October 2015

59,366

Charge for the year

9,824

At 30 September 2016

69,190

Net book value

At 30 September 2016

39,295

At 30 September 2015

41,553

Share capital

2016

2015

Allotted, called up and fully paid

37 Ordinary shares of £1 each