Pete Dawes Financial Solutions Limited - Period Ending 2016-03-31

PETE DAWES FINANCIAL SOLUTIONS LIMITED - Company Information

Registration number: 06414807

Pete Dawes Financial Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

Michael J Emery & Co Limited
22 St. John Street
Newport Pagnell
Bucks
MK16 8HJ

Pete Dawes Financial Solutions Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Pete Dawes Financial Solutions Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pete Dawes Financial Solutions Limited for the year ended 31 March 2016 set out on pages 2 to 4 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 Pete Dawes Financial Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pete Dawes Financial Solutions Limited and state those matters that we have agreed to state to them, 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 Pete Dawes Financial Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pete Dawes Financial Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pete Dawes Financial Solutions Limited. You consider that Pete Dawes Financial Solutions 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 accounts of Pete Dawes Financial Solutions 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 accounts.

......................................

Michael J Emery & Co Limited
22 St. John Street
Newport Pagnell
Bucks
MK16 8HJ

Date:.............................

Page 1

Pete Dawes Financial Solutions Limited

(Registration number: 06414807)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Intangible assets	2	23,165	25,165
Tangible assets	2	418	803
		23,583	25,968
Current assets
Debtors		2,217	1,000
Cash at bank and in hand		5,733	5,164
		7,950	6,164
Creditors: Amounts falling due within one year		(6,262)	(10,802)
Net current assets/(liabilities)		1,688	(4,638)
Total assets less current liabilities		25,271	21,330
Provisions for liabilities		(84)	(161)
Accruals and deferred income		(1,284)	(1,068)
Net assets		23,903	20,101
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		23,803	20,001
Shareholders funds		23,903	20,101

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 20 December 2016

.........................................
Mr Peter Leslie Dawes
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Pete Dawes Financial Solutions Limited

Notes to the Abbreviated Accounts

Accounting policies

Basis of preparation

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

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised over its estimated useful life of twenty years.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% on cost
Office equipment	33% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2015	40,000	3,072	43,072
At 31 March 2016	40,000	3,072	43,072
Depreciation
At 1 April 2015	14,835	2,269	17,104
Charge for the year	2,000	385	2,385
At 31 March 2016	16,835	2,654	19,489
Net book value
At 31 March 2016	23,165	418	23,583
At 31 March 2015	25,165	803	25,968

Page 3

Pete Dawes Financial Solutions Limited

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 4