Philinc Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09108109 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Philinc Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Horsman

P Stoyle

SECRETARY:

REGISTERED OFFICE:

Woodside Cottage

Grove Road

Seal

Sevenoaks

TN15 0LE

REGISTERED NUMBER:

09108109 (England and Wales)

ACCOUNTANTS:

Crisp Accountancy Limited

2nd Floor

17 The Broadway

Hatfield

Hertfordshire

AL9 5HZ

FIXED ASSETS

Tangible assets

2

483

966

CURRENT ASSETS

Debtors

16,470

14,874

Cash at bank

41,438

46,624

57,908

61,498

CREDITORS

Amounts falling due within one year

26,563

29,246

NET CURRENT ASSETS

31,345

32,252

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,828

33,218

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

31,824

33,214

SHAREHOLDERS' FUNDS

31,828

33,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 10 January 2017 and were signed on its behalf by:

P Stoyle - 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.

Plant and machinery etc

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

1,449

DEPRECIATION

At 1 July 2015

483

Charge for year

483

At 30 June 2016

966

NET BOOK VALUE

At 30 June 2016

483

At 30 June 2015

966

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

NIL

Ordinary

£1

-

4

2

A Ordinary

£1

2

-

2

B Ordinary

£1

2

-

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2016 and the period

ended 30 June 2015:

30.6.16

30.6.15

£

P Stoyle

Balance outstanding at start of year

-

Amounts advanced

3,804

-

Amounts repaid

-

Balance outstanding at end of year

3,804

-