Pearson Ferrier Estate Agents Limited

PEARSON FERRIER ESTATE AGENTS LIMITED - Company Information

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Abbreviated accounts

For the Period 21 April 2015 to 30 April 2016

Pearson Ferrier Estate Agents Limited

Company No. 09552248

Abbreviated Balance Sheet 30 April 2016

Abbreviated Balance Sheet

		Period to 30 April 2016
	Notes	£	£
FIXED ASSETS
Intangible Assets	2		213,293
Tangible Assets	3		24,293

			237,586
CURRENT ASSETS
Debtors		75,094
Cash at bank and in hand		11,972

		87,066
Creditors: Amounts Falling Due Within One Year		(290,780 )

NET CURRENT ASSETS (LIABILITIES)			(203,714 )

TOTAL ASSETS LESS CURRENT LIABILITIES			33,872

NET ASSETS			33,872

CAPITAL AND RESERVES
Called up share capital	4		1,000
Profit and Loss Account			32,872

SHAREHOLDERS' FUNDS			33,872

Pearson Ferrier Estate Agents Limited

Company No. 09552248

Abbreviated Balance Sheet (continued) 30 April 2016

For the period ending 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr M J Pearson

21 January 2017

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Pearson Ferrier Estate Agents Limited

Notes to the Abbreviated Accounts

For the Period 21 April 2015 to 30 April 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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

1.2. Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	25% reducing balance

2. Intangible Assets


	Total
Cost	£
As at 21 April 2015	-
Additions	266,616

As at 30 April 2016	266,616

Amortisation
As at 21 April 2015	-
Provided during the period	53,323

As at 30 April 2016	53,323

Net Book Value
As at 30 April 2016	213,293

As at 21 April 2015	-

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Pearson Ferrier Estate Agents Limited

Notes to the Abbreviated Accounts (continued)

For the Period 21 April 2015 to 30 April 2016

3. Tangible Assets


	Total
Cost	£
As at 21 April 2015	-
Additions	30,855

As at 30 April 2016	30,855

Depreciation
As at 21 April 2015	-
Provided during the period	6,562

As at 30 April 2016	6,562

Net Book Value
As at 30 April 2016	24,293

As at 21 April 2015	-

4. Share Capital

	Value	Number	Period to 30 April 2016
Allotted and called up	£		£
Ordinary A shares	0.1	2313	232

Ordinary B shares	0.1	2313	231

Ordinary C shares	0.1	2312	231

Ordinary D shares	0.1	2312	231

Ordinary E shares	0.1	750	75




		10000	1,000

5. Transactions With and Loans to Directors

Dividends paid to directors

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