Abbreviated Company Accounts - PRITCHARD AND PRITCHARD LIMITED

PRITCHARD AND PRITCHARD LIMITED - Company Information

09107098 PRITCHARD AND PRITCHARD LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 09107098 2015-07-01 2016-06-30 09107098 2016-06-30 09107098 2015-06-30 09107098 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 09107098 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 09107098

PRITCHARD AND PRITCHARD LIMITED

Abbreviated Accounts

30 June 2016

PRITCHARD AND PRITCHARD LIMITED Registered Number 09107098

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,383	2,878
		2,383	2,878
Current assets
Stocks		9,000	10,000
Debtors		77,680	58,917
Cash at bank and in hand		40,986	81,662
		127,666	150,579
Creditors: amounts falling due within one year		(35,676)	(45,145)
Net current assets (liabilities)		91,990	105,434
Total assets less current liabilities		94,373	108,312
Total net assets (liabilities)		94,373	108,312
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		94,372	108,311
Shareholders' funds		94,373	108,312

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 March 2017

And signed on their behalf by:
Charlotte Mortimer, Director

PRITCHARD AND PRITCHARD LIMITED Registered Number 09107098

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding VAT, of fees charged during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing balance

Valuation information and policy
Stock
Work in progress is valued at the lower of cost and net realisable value

Other accounting policies
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.

Deferred taxation
Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes, except to the extent that the director considers that a liability to taxation is unlikely to materialise.

2Tangible fixed assets

	£
Cost
At 1 July 2015	3,838
Additions	300
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	4,138
Depreciation
At 1 July 2015	960
Charge for the year	795
On disposals	-
At 30 June 2016	1,755
Net book values
At 30 June 2016	2,383
At 30 June 2015	2,878

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1