The Policy Company Limited - Abbreviated accounts 16.3
The Policy Company Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE PERIOD 1 JULY 2015 TO 29 FEBRUARY 2016 |
| FOR |
| THE POLICY COMPANY LIMITED |
| THE POLICY COMPANY LIMITED (REGISTERED NUMBER: 04467732) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE PERIOD 1 JULY 2015 TO 29 FEBRUARY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| THE POLICY COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JULY 2015 TO 29 FEBRUARY 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| THE POLICY COMPANY LIMITED (REGISTERED NUMBER: 04467732) |
| ABBREVIATED BALANCE SHEET |
| 29 FEBRUARY 2016 |
| 29.2.16 | 30.6.15 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 financial statements were approved by the Board of Directors on by: |
| THE POLICY COMPANY LIMITED (REGISTERED NUMBER: 04467732) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE PERIOD 1 JULY 2015 TO 29 FEBRUARY 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The Accounts have been prepared on a going concern basis. The plans of the Directors indicate that the |
| company will return to profitability in the foreseeable future. |
| 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 goods, excluding value added tax. Products sold on an annual basis are |
| taken to the Profit & Loss Account on a pro rata basis. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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 |
| Disposals | ( |
) |
| At 29 February 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Eliminated on disposal | ( |
) |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 30 June 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 29.2.16 | 30.6.15 |
| value: | £ | £ |
| Ordinary | £1 |
| THE POLICY COMPANY LIMITED (REGISTERED NUMBER: 04467732) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE PERIOD 1 JULY 2015 TO 29 FEBRUARY 2016 |
| 5. | DEFERRED TAX |
| The company has disclosed a deferred tax asset relating to trading losses available to carry forward against future |
| trading profits of £34,869. The value of this asset is likely to be £6,970 in cash terms. |