P & F Accountancy Services Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 09249005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

P & F ACCOUNTANCY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S G Potter

REGISTERED OFFICE:

27 Doubleday Road

Loughton

Essex

IG10 2AU

REGISTERED NUMBER:

09249005 (England and Wales)

ACCOUNTANTS:

P & F Accountancy Services Ltd

Chartered Certified Accountants

27 Doubleday Road

Loughton

Essex

IG10 2AU

FIXED ASSETS

Intangible assets

4

6,300

8,400

Tangible assets

5

532

1,067

6,832

9,467

CURRENT ASSETS

Debtors

6

3,295

4,502

Cash at bank and in hand

8,691

11,161

11,986

15,663

CREDITORS

Amounts falling due within one year

7

26,168

26,526

NET CURRENT LIABILITIES

(14,182

)

(10,863

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,350

)

(1,396

)

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

(7,460

)

(1,506

)

SHAREHOLDERS' FUNDS

(7,350

)

(1,396

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director on 16 April 2017 and were signed by:

S G Potter - Director

1.	STATUTORY INFORMATION

P & F Accountancy Services 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 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 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2015

and 31 October 2016

10,500

AMORTISATION

At 1 November 2015

2,100

Amortisation for year

2,100

At 31 October 2016

4,200

NET BOOK VALUE

At 31 October 2016

6,300

At 31 October 2015

8,400

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2015

and 31 October 2016

1,604

DEPRECIATION

At 1 November 2015

537

Charge for year

535

At 31 October 2016

1,072

NET BOOK VALUE

At 31 October 2016

532

At 31 October 2015

1,067

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.16

31.10.15

£

£

Trade debtors

3,295

4,502

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.16

31.10.15

£

£

Trade creditors

1

-

Taxation and social security

320

3,920

Other creditors

25,847

22,606

26,168

26,526