P & G 2014 Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09194374 (England and Wales)

P & G 2014 LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

P A Hajduk

Mrs G A Hajduk

REGISTERED OFFICE:

28 North Street

Oundle

Peterborough

Cambridgeshire

PE8 4AL

REGISTERED NUMBER:

09194374 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Intangible assets

2

7,421

19,779

Tangible assets

3

471

452

Investments

4

275,001

282,893

295,232

CURRENT ASSETS

Debtors

936

939

Cash at bank

78,178

71,178

79,114

72,117

CREDITORS

Amounts falling due within one year

1,473

5,471

NET CURRENT ASSETS

77,641

66,646

TOTAL ASSETS LESS CURRENT LIABILITIES

360,534

361,878

CAPITAL AND RESERVES

Called up share capital

5

255

Merger reserves

274,845

Profit and loss account

85,434

86,778

SHAREHOLDERS' FUNDS

360,534

361,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 12 December 2016 and were signed on its behalf
by:

P A Hajduk - Director

Mrs G A Hajduk - 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).

Preparation of consolidated financial statements

The financial statements contain information about P & G 2014 Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Software development costs

Software development costs are amortised over their estimated useful life of five 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, fittings & equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

Investment in subsidiary undertakings

Investment in subsidiary undertakings are initially recognised at cost.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

29,669

Additions

9,277

Disposals

(29,669

)

At 31 August 2016

9,277

AMORTISATION

At 1 September 2015

9,890

Amortisation for year

21,635

Eliminated on disposal

(29,669

)

At 31 August 2016

1,856

NET BOOK VALUE

At 31 August 2016

7,421

At 31 August 2015

19,779

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

603

Additions

226

At 31 August 2016

829

DEPRECIATION

At 1 September 2015

151

Charge for year

207

At 31 August 2016

358

NET BOOK VALUE

At 31 August 2016

471

At 31 August 2015

452

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2015

and 31 August 2016

275,001

NET BOOK VALUE

At 31 August 2016

275,001

At 31 August 2015

275,001

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pay Data Limited

Nature of business: Business services consultants

%

Class of shares:

holding

Ordinary 50p shares

81.58

Ordinary A 50p shares

100.00

2016

2015

£

Aggregate capital and reserves

158,084

150,114

Profit for the year/period

189,238

132,596

Paygrade Limited

Nature of business: Business services consultants

%

Class of shares:

holding

Ordinary shares

50.00

2016

2015

£

Aggregate capital and reserves

5,332

2

Profit for the year/period

48,330

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

255

Ordinary

£1

255

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of P & G 2014 Limited for the year ended 31 August 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of P & G 2014 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & G 2014 Limited and state those matters that we have agreed to state to the Board of Directors of P & G 2014 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & G 2014 Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P & G 2014 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P & G 2014 Limited. You consider that P & G 2014 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P & G 2014 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

12 December 2016