Adult Psychological Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04882551 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Adult Psychological Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Marshall

SECRETARY:

G R Guthrie

REGISTERED OFFICE:

Unit 1

11 Eagle Parade

Buxton

Derbyshire

SK17 6EQ

REGISTERED NUMBER:

04882551 (England and Wales)

ACCOUNTANTS:

Guthrie Accountancy Services Ltd

Unit 1

11 Eagle Parade

Buxton

Derbyshire

SK17 6EQ

FIXED ASSETS

Tangible assets

2

1,395

398

CURRENT ASSETS

Debtors

412,671

415,364

Cash at bank

18,179

7,569

430,850

422,933

CREDITORS

Amounts falling due within one year

119,875

80,029

NET CURRENT ASSETS

310,975

342,904

TOTAL ASSETS LESS CURRENT LIABILITIES

312,370

343,302

PROVISIONS FOR LIABILITIES

208

20

NET ASSETS

312,162

343,282

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

312,062

343,182

SHAREHOLDERS' FUNDS

312,162

343,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 16 May 2017 and were signed by:

P Marshall - 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 goods, 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

-

25% on reducing balance

Fixtures and fittings

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

9,323

Additions

2,093

At 31 August 2016

11,416

DEPRECIATION

At 1 September 2015

8,925

Charge for year

1,096

At 31 August 2016

10,021

NET BOOK VALUE

At 31 August 2016

1,395

At 31 August 2015

398

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

100

Ordinary

£1

100

100