Abbreviated Company Accounts - PRICE ANDERSON FINANCIAL SERVICES LIMITED

PRICE ANDERSON FINANCIAL SERVICES LIMITED - Company Information

Registered Number 03329677

PRICE ANDERSON FINANCIAL SERVICES LIMITED

Abbreviated Accounts

31 July 2016

PRICE ANDERSON FINANCIAL SERVICES LIMITED Registered Number 03329677

Abbreviated Balance Sheet as at 31 July 2016

	Notes	31/07/2016	31/03/2015
		£	£
Fixed assets
Intangible assets	2	400,000	500,000
Tangible assets	3	368	1,112
		400,368	501,112
Current assets
Debtors		1,852,193	622,980
Cash at bank and in hand		518,591	1,163,296
		2,370,784	1,786,276
Creditors: amounts falling due within one year		(566,874)	(529,306)
Net current assets (liabilities)		1,803,910	1,256,970
Total assets less current liabilities		2,204,278	1,758,082
Total net assets (liabilities)		2,204,278	1,758,082
Capital and reserves
Called up share capital		2	2
Profit and loss account		2,204,276	1,758,080
Shareholders' funds		2,204,278	1,758,082

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 28 April 2017

And signed on their behalf by:
Mr S P Sharp, Director

PRICE ANDERSON FINANCIAL SERVICES LIMITED Registered Number 03329677

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements 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 commissions receivable.

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:
Computer equipment 25% Straight Line
Fixtures, fittings & equipment 25% Straight Line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 April 2015	1,000,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	1,000,000
Amortisation
At 1 April 2015	500,000
Charge for the year	100,000
On disposals	-
At 31 July 2016	600,000
Net book values
At 31 July 2016	400,000
At 31 March 2015	500,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	162,306
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	162,306
Depreciation
At 1 April 2015	161,194
Charge for the year	744
On disposals	-
At 31 July 2016	161,938
Net book values
At 31 July 2016	368
At 31 March 2015	1,112