PBK_CONSULTING_LIMITED - Accounts

PBK CONSULTING LIMITED - Company Information

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Company Registration No. 06987137 (England and Wales)

PBK CONSULTING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

PBK CONSULTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PBK CONSULTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

670

987

Current assets

Debtors

1,644

1,284

Cash at bank and in hand

8,975

3,615

10,619

4,899

Creditors: amounts falling due within one year

(89,146)

(27,794)

Net current liabilities

(78,527)

(22,895)

Total assets less current liabilities

(77,857)

(21,908)

Capital and reserves

Called up share capital

Profit and loss account

(77,858)

(21,909)

Shareholders' funds

(77,857)

(21,908)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 22 December 2016

P Kennedy

Director

Company Registration No. 06987137

PBK CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 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

Turnover

Turnover represents fees receivable net of VAT and trade discounts.

1.3

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:

Fixtures, fittings & equipment

33% straight line method

1.4

Deferred taxation

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

Fixed assets

Tangible assets

Cost

At 1 April 2015

6,459

Additions

297

At 31 March 2016

6,756

Depreciation

At 1 April 2015

5,472

Charge for the period

614

At 31 March 2016

6,086

Net book value

At 31 March 2016

670

At 31 March 2015

987

PBK CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of 1 each