Abbreviated Company Accounts - PEARCE UROLOGY LTD

PEARCE UROLOGY LTD - Company Information

Registered Number 07700771

PEARCE UROLOGY LTD

Abbreviated Accounts

31 July 2016

PEARCE UROLOGY LTD Registered Number 07700771

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	81,396	80,893
Investments	3	17,451	11,503
		98,847	92,396
Current assets
Debtors		25,697	28,152
Cash at bank and in hand		89,749	66,297
		115,446	94,449
Creditors: amounts falling due within one year		(37,420)	(21,696)
Net current assets (liabilities)		78,026	72,753
Total assets less current liabilities		176,873	165,149
Provisions for liabilities		0	(178)
Total net assets (liabilities)		176,873	164,971
Capital and reserves
Called up share capital		100	100
Profit and loss account		176,773	164,871
Shareholders' funds		176,873	164,971

For the year ending 31 July 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 26 April 2017

And signed on their behalf by:
Dr I Pearce, Director

PEARCE UROLOGY LTD Registered Number 07700771

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the fees receivable during the period and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
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:

Equipment - 25% Straight line

Other accounting policies
Revenue recognition
Revenue is recognised as earned income when, and to the extent that, the firm obtains the right to consideration in exchange for goods and services it has provided.

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.

2Tangible fixed assets

	£
Cost
At 1 August 2015	82,573
Additions	1,321
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	83,894
Depreciation
At 1 August 2015	1,680
Charge for the year	818
On disposals	-
At 31 July 2016	2,498
Net book values
At 31 July 2016	81,396
At 31 July 2015	80,893

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.