Platinum (SRI) Financial Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06445708 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Platinum (SRI) Financial Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Boucher

REGISTERED OFFICE:

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

REGISTERED NUMBER:

06445708 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Intangible assets

2

142,500

-

Tangible assets

3

481

-

142,981

-

CURRENT ASSETS

Debtors

2,822

-

Cash at bank and in hand

10,433

2

13,255

2

CREDITORS

Amounts falling due within one year

10,080

-

NET CURRENT ASSETS

3,175

2

TOTAL ASSETS LESS CURRENT
LIABILITIES

146,156

2

CREDITORS

Amounts falling due after more than one
year

(130,000

)

-

PROVISIONS FOR LIABILITIES

(96

)

-

NET ASSETS

16,060

2

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

16,058

-

SHAREHOLDERS' FUNDS

16,060

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 by the director on 23 December 2016 and were signed by:

R Boucher - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

150,000

At 30 September 2016

150,000

AMORTISATION

Amortisation for year

7,500

At 30 September 2016

7,500

NET BOOK VALUE

At 30 September 2016

142,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

604

At 30 September 2016

604

DEPRECIATION

Charge for year

123

At 30 September 2016

123

NET BOOK VALUE

At 30 September 2016

481

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/16

30/9/15

value:

£

2

Ordinary

1

2