Purdy Financial Services Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05042624

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Purdy Financial Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A G Purdy

SECRETARY:

G W Purdy

REGISTERED OFFICE:

Tigh Mor

75 Derby Road

Cromford

Derbyshire

DE4 3RP

REGISTERED NUMBER:

05042624

ACCOUNTANTS:

DLA Chartered Accountants

36A Market Street

New Mills

High Peak

SK22 4AA

FIXED ASSETS

Tangible assets

4

87

223

CURRENT ASSETS

Debtors

5

10,125

14,524

Cash at bank

22,552

2,069

32,677

16,593

CREDITORS

Amounts falling due within one year

6

15,835

16,678

NET CURRENT ASSETS/(LIABILITIES)

16,842

(85

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,929

138

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,829

38

SHAREHOLDERS' FUNDS

16,929

138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 26 May 2017 and were signed by:

A G Purdy - Director

1.	STATUTORY INFORMATION

Purdy Financial Services Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted

or substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

788

2,607

3,395

Disposals

(117

)

(2,607

)

(2,724

)

At 31 March 2017

671

-

671

DEPRECIATION

At 1 April 2016

667

2,505

3,172

Charge for year

18

33

51

Eliminated on disposal

(101

)

(2,538

)

(2,639

)

At 31 March 2017

584

-

584

NET BOOK VALUE

At 31 March 2017

87

-

87

At 31 March 2016

121

102

223

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

10,125

7,500

Directors' current accounts

-

7,024

10,125

14,524

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Tax

15,230

16,189

Directors' current accounts

116

-

Accrued expenses

489

489

15,835

16,678

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £116 (2016: was owed £7,024) to the director Mr. A. G. Purdy. This balance

is included within creditors.

8.	RELATED PARTY DISCLOSURES

During the year the company paid fees totalling £13,625 (2016: £14,700) to Peak Assured Limited a company

under the control of the director Mr. A. G. Purdy. At the year end the company was owed £10,125 (2016: £7,500)

from Peak Assured Limited.

9.

CONTROL

The company is under the control of the director Mr A Purdy, who controls 60% of the ordinary share capital.