PROFESSIONAL_LEASE_SERVIC - Accounts

PROFESSIONAL LEASE SERVICES LIMITED - Company Information

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Company Registration No. 02816092 (England and Wales)

PROFESSIONAL LEASE SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

PROFESSIONAL LEASE SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PROFESSIONAL LEASE SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,202

Current assets

Debtors

5,785

6,126

Cash at bank and in hand

9,676

11,211

15,461

17,337

Creditors: amounts falling due within one year

(3,766)

(4,897)

Net current assets

11,695

12,440

Total assets less current liabilities

12,897

13,642

Creditors: amounts falling due after more than one year

(12,691)

(13,361)

206

281

Capital and reserves

Called up share capital

Profit and loss account

204

279

Shareholders' funds

206

281

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

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 January 2017

Jeffrey Coe

Director

Company Registration No. 02816092

PROFESSIONAL LEASE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services rendered.

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 less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% - reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 May 2015 & at 30 April 2016

46,810

Depreciation

At 1 May 2015 & at 30 April 2016

45,608

Net book value

At 30 April 2016

1,202

At 30 April 2015

1,202

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each