P.f.i. (Holdings) Ltd. - Accounts to registrar - small 16.3d

P.f.i. (Holdings) Ltd. - Accounts to registrar - small 16.3d

P.F.I. (HOLDINGS) LTD. - Company Information

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REGISTERED NUMBER: 03454673 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

P.f.i. (Holdings) Ltd.

P.f.i. (Holdings) Ltd. (Registered number: 03454673)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.f.i. (Holdings) Ltd.

Company Information
for the Year Ended 31 December 2016







DIRECTOR: Mr P Begley





SECRETARY:





REGISTERED OFFICE: The Barn, Duck End
Offord Road
Graveley
St Neots
Cambridgeshire
PE19 6PP





REGISTERED NUMBER: 03454673 (England and Wales)





ACCOUNTANTS: John Wheeler Accountancy Ltd
The Barn
Duck End
Offord Road, Graveley
St Neots
Cambridgeshire
PE19 6PP
Page 1
P.f.i. (Holdings) Ltd. (Registered number: 03454673)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,406 13,406
Tangible assets 5 44,176 40,402
57,582 53,808

CURRENT ASSETS
Stocks 12,506 14,756
Debtors 6 47,246 31,077
Cash at bank 66 1,386
59,818 47,219
CREDITORS
Amounts falling due within one year 7 107,219 94,557
NET CURRENT LIABILITIES (47,401 ) (47,338 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,181
6,470

CAPITAL AND RESERVES
Called up share capital 10,002 10,002
Retained earnings 179 (3,532 )
SHAREHOLDERS' FUNDS 10,181 6,470

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

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

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director on 27 April 2017 and were signed by:




Mr P Begley - Director


The notes form part of these financial statements

Page 2
P.f.i. (Holdings) Ltd. (Registered number: 03454673)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

P.f.i. (Holdings) Ltd. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 33,515
AMORTISATION
At 1 January 2016
and 31 December 2016 20,109
NET BOOK VALUE
At 31 December 2016 13,406
At 31 December 2015 13,406

Page 3 continued...
P.f.i. (Holdings) Ltd. (Registered number: 03454673)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 75,823
Additions 3,774
At 31 December 2016 79,597
DEPRECIATION
At 1 January 2016
and 31 December 2016 35,421
NET BOOK VALUE
At 31 December 2016 44,176
At 31 December 2015 40,402

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 51,720 3,794
Other debtors (4,474 ) 27,283
47,246 31,077

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Bank loans and overdrafts 24,151 19,306
Trade creditors 10,469 15,954
Taxation and social security 8,035 6,202
Other creditors 64,564 53,095
107,219 94,557

Page 4