Pam Insight Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 06004300 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2016

FOR

PAM INSIGHT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

E Hicks

SECRETARY:

L.P.& P. Management Limited

REGISTERED OFFICE:

2nd Floor

Devonshire House

1 Devonshire Street

London

W1W 5DS

REGISTERED NUMBER:

06004300 (England and Wales)

ACCOUNTANTS:

Leigh Philip & Partners

Chartered Accountants

2nd Floor

Devonshire House

1 Devonshire Street

London

W1W 5DS

FIXED ASSETS

Intangible assets

4

15,521

16,771

Tangible assets

5

6,505

5,114

22,026

21,885

CURRENT ASSETS

Debtors

6

307,024

240,317

Cash at bank

21,009

77,967

328,033

318,284

CREDITORS

Amounts falling due within one year

7

295,621

270,537

NET CURRENT ASSETS

32,412

47,747

TOTAL ASSETS LESS CURRENT LIABILITIES

54,438

69,632

CREDITORS

Amounts falling due after more than one year

8

30,442

49,900

NET ASSETS

23,996

19,732

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

23,896

19,632

SHAREHOLDERS' FUNDS

23,996

19,732

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 28 April 2017 and were signed by:

E Hicks - Director

1.	STATUTORY INFORMATION

Pam Insight Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services excluding Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2015 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2015

and 31 July 2016

25,000

AMORTISATION

At 1 August 2015

8,229

Amortisation for year

1,250

At 31 July 2016

9,479

NET BOOK VALUE

At 31 July 2016

15,521

At 31 July 2015

16,771

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2015

30,314

Additions

3,543

At 31 July 2016

33,857

DEPRECIATION

At 1 August 2015

25,200

Charge for year

2,152

At 31 July 2016

27,352

NET BOOK VALUE

At 31 July 2016

6,505

At 31 July 2015

5,114

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

264,002

212,818

Other debtors

2,086

3,924

Prepayments and accrued income

40,936

23,575

307,024

240,317

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

90

90

Trade creditors

78,219

52,347

Tax

1,112

3,545

Social security and other taxes

13,077

11,944

VAT

57,452

47,004

Other creditors

17,718

4,724

Directors' loan accounts

-

6,161

Accruals and deferred income

127,953

144,722

295,621

270,537

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Shareholder's loan

30,442

49,900

9.	SECURED DEBTS

The bank overdraft is secured by way of a fixed and floating charge over all the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

100

100

100

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Director are not required to

be filed with the Registrar of Companies.

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

financial statements of Pam Insight Limited for the year ended 31 July 2016 which comprise the Statement of

Comprehensive Income, Statement of Financial Position, 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 director of Pam Insight Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pam Insight Limited and state those matters that we have agreed to state to the director of Pam Insight Limited 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 Pam Insight Limited director for our work or for this report.

It is your duty to ensure that Pam Insight 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 Pam Insight Limited. You consider that Pam Insight 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 Pam Insight 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.

Leigh Philip & Partners

Chartered Accountants

2nd Floor

Devonshire House

1 Devonshire Street

London

W1W 5DS

28 April 2017