Phoenix Loss Prevention Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04775665

Phoenix Loss Prevention Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

A W Dickens

Mrs C A Dickens

M Paduch

Mrs A K Paduch

G S Melville

Mrs L K Melville

SECRETARY:

A W Dickens

REGISTERED OFFICE:

77 Raikes Road

SKIPTON

North Yorkshire

BD23 1LS

REGISTERED NUMBER:

04775665

ACCOUNTANTS:

Walkers Accountants Limited

16-18 Devonshire Street

Keighley

West Yorkshire

BD21 2DG

FIXED ASSETS

Tangible assets

2

15,148

14,593

CURRENT ASSETS

Debtors

56,841

69,613

Cash at bank

153,453

116,706

210,294

186,319

CREDITORS

Amounts falling due within one year

170,775

140,901

NET CURRENT ASSETS

39,519

45,418

TOTAL ASSETS LESS CURRENT LIABILITIES

54,667

60,011

PROVISIONS FOR LIABILITIES

2,623

2,423

NET ASSETS

52,044

57,588

CAPITAL AND RESERVES

Called up share capital

3

15,000

15,000

Profit and loss account

37,044

42,588

SHAREHOLDERS' FUNDS

52,044

57,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 October 2014 and were signed on its behalf by:

A W Dickens - Director

G S Melville - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax has been recognised as a liability or asset if transactions have occured at the balance sheet date that

give rise to an obligation to pay more taxation in the future, or a right to pay less taxation in the future. An asset

is not recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax

assets and liabilities have not been discounted.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Revenue recognition

The company enters into contracts to provide its services. At the year end all contracts that have not been

finalised are reviewed and an estimate of the recoverability of these contracts is determined, based on the

expected contract value and work completed to date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

51,377

Additions

5,604

At 31 August 2014

56,981

DEPRECIATION

At 1 September 2013

36,784

Charge for year

5,049

At 31 August 2014

41,833

NET BOOK VALUE

At 31 August 2014

15,148

At 31 August 2013

14,593

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

15,000

Ordinary shares

£1

15,000

15,000

4.	CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous period by virtue of the

fact that between them they own 100% of the share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

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 Phoenix Loss Prevention Limited for the year ended 31 August 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Phoenix Loss Prevention Limited, as a body, in accordance with

our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Phoenix Loss Prevention Limited and state those matters that we have agreed to state to the Board of Directors of

Phoenix Loss Prevention Limited, 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Phoenix Loss Prevention Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Phoenix Loss Prevention Limited. You consider that Phoenix Loss Prevention Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Phoenix Loss Prevention

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Walkers Accountants Limited

16-18 Devonshire Street

Keighley

West Yorkshire

BD21 2DG

Date: .....October 2014