Profitability Business Simulations Limit - Abbreviated accounts 16.3

Profitability Business Simulations Limit - Abbreviated accounts 16.3

PROFITABILITY BUSINESS SIMULATIONS LIMITED - Company Information

Print Friendly Version

04490565 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044905652015-03-31044905652016-03-31044905652015-04-012016-03-31044905652014-03-31044905652014-04-012015-03-31044905652015-03-3104490565ns12:England2015-04-012016-03-3104490565ns14:PoundSterling2015-04-012016-03-3104490565ns7:Director12015-04-012016-03-3104490565ns7:Director22015-04-012016-03-3104490565ns7:Director32015-04-012016-03-3104490565ns7:CompanySecretary2015-04-012016-03-3104490565ns7:RegisteredOffice2015-04-012016-03-3104490565ns7:EntityAccountantsOrAuditors2015-04-012016-03-31
REGISTERED NUMBER: 04490565 (England and Wales)











Abbreviated Accounts

for the Year Ended 31 March 2016

for

PROFITABILITY BUSINESS SIMULATIONS
LIMITED

PROFITABILITY BUSINESS SIMULATIONS
LIMITED (REGISTERED NUMBER: 04490565)






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 4

PROFITABILITY BUSINESS SIMULATIONS
LIMITED

Company Information
for the Year Ended 31 March 2016







DIRECTORS: Mr N Downing
Mr B Helweg-Larsen
Mrs E S Helweg-Larsen





SECRETARY: Mrs E S Helweg-Larsen





REGISTERED OFFICE: Stables 1
Howbery Park
Wallingford
Oxfordshire
OX10 8BA





REGISTERED NUMBER: 04490565 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY
Page 1
PROFITABILITY BUSINESS SIMULATIONS
LIMITED (REGISTERED NUMBER: 04490565)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £   
CURRENT ASSETS
Debtors 332,566 70,862
Cash at bank 73,123 43,923
405,689 114,785
CREDITORS
Amounts falling due within one year 388,185 223,862
NET CURRENT ASSETS/(LIABILITIES) 17,504 (109,077 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,504
(109,077
)

CAPITAL AND RESERVES
Called up share capital 3 1,002 1,002
Profit and loss account 16,502 (110,079 )
SHAREHOLDERS' FUNDS 17,504 (109,077 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
PROFITABILITY BUSINESS SIMULATIONS
LIMITED (REGISTERED NUMBER: 04490565)

Abbreviated Balance Sheet - continued
31 March 2016


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 22 December 2016 and were
signed on its behalf by:





Mr N Downing - Director


The notes form part of these abbreviated accounts

Page 3
PROFITABILITY BUSINESS SIMULATIONS
LIMITED (REGISTERED NUMBER: 04490565)

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).

Preparation of consolidated financial statements
The financial statements contain information about Profitatbility Business Simulations Ltd as
an individual company and do not contain information as the parent of a Group. The
company has taken the option under section 398 of the Companies Act 2006 not to prepare
consolidated financial statements.

Turnover
Turnover represents net invoiced sales of services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences
are taken into account in arriving at the operating result.

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.

Page 4 continued...
PROFITABILITY BUSINESS SIMULATIONS
LIMITED (REGISTERED NUMBER: 04490565)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 700,000
AMORTISATION
At 1 April 2015
and 31 March 2016 700,000
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

3. CALLED UP SHARE CAPITAL


Page 5