PS & LP Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07544573 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st August 2016

for

PS & LP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S J Waddington

REGISTERED OFFICE:

Victoria House

50 Alexandra Street

Southend-on-Sea

Essex

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REGISTERED NUMBER:

07544573 (England and Wales)

ACCOUNTANTS:

Barnard Mountstephens Childs Limited

Chartered Certified Accountants

Victoria House

50 Alexandra Street

Southend-on-Sea

Essex

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FIXED ASSETS

Tangible assets

2

39

112

CURRENT ASSETS

Debtors

1,167

175

Cash at bank

5

241

1,172

416

CREDITORS

Amounts falling due within one year

7,411

130

NET CURRENT (LIABILITIES)/ASSETS

(6,239

)

286

TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,200

)

398

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(6,202

)

396

SHAREHOLDERS' FUNDS

(6,200

)

398

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15th May 2017 and were signed by:

S J Waddington - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

2,138

DEPRECIATION

At 1st September 2015

2,026

Charge for year

73

At 31st August 2016

2,099

NET BOOK VALUE

At 31st August 2016

39

At 31st August 2015

112

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/16

31/8/15

value:

£

2

Ordinary

£1

2