PHS Space Ltd - Abbreviated accounts 16.3
PHS Space Ltd - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
for |
PHS Space Ltd |
PHS Space Ltd (Registered number: 05794582) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
PHS Space Ltd |
Company Information |
for the Year Ended 31 March 2016 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
PHS Space Ltd (Registered number: 05794582) |
Abbreviated Balance Sheet |
31 March 2016 |
31.3.16 | 31.3.15 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 2 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 financial statements were approved by the director on |
PHS Space Ltd (Registered number: 05794582) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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 January 2015). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Grant income |
Upon receipt grants are initially recorded as deferred income on the balance sheet and released to the profit and loss account in the period |
in which the work is undertaken. |
2. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
Ordinary | £1 |
3. | EU GRANTS |
During the year the company received advances of £91,245 from ReDSHIFT and £70,578 from TeSer for EU Horizon 2020 Research |
Projects. The revenue representing the proportion of the contract work actually performed has been recognised in the profit and loss |
account. The balance has been carried forward as deferred income. |