Compass Psychological Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07377214

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

COMPASS PSYCHOLOGICAL SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Dr P H Walker

SECRETARY:

Dr P H Walker

REGISTERED OFFICE:

Bath House

6-8 Bath Street

Redcliffe

Bristol

BS1 6HL

REGISTERED NUMBER:

07377214

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Bath House

6-8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Tangible assets

2

209

243

CURRENT ASSETS

Debtors

9,405

18,482

Cash at bank

11,292

5,315

20,697

23,797

CREDITORS

Amounts falling due within one year

12,486

15,143

NET CURRENT ASSETS

8,211

8,654

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,420

8,897

PROVISIONS FOR LIABILITIES

42

-

NET ASSETS

8,378

8,897

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

8,278

8,797

SHAREHOLDERS' FUNDS

8,378

8,897

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 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 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 and authorised for issue by the director on 23 December 2016 and were
signed by:

Dr P H Walker - 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 January 2015).

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.

Computer equipment

-

33% on cost

Deferred tax

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

balance sheet date where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences

can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

6,209

Additions

304

At 31 March 2016

6,513

DEPRECIATION

At 1 April 2015

5,966

Charge for year

338

At 31 March 2016

6,304

NET BOOK VALUE

At 31 March 2016

209

At 31 March 2015

243

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary Shares

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

Dr P H Walker

Balance outstanding at start of year

(487

)

(6

)

Amounts advanced

379

-

Amounts repaid

-

(481

)

Balance outstanding at end of year

(108

)

(487

)