PPSNET Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06943884 (England and Wales)

PPSNET LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P J Glickman

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Kent

TN11 9BH

REGISTERED NUMBER:

06943884 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Chartered Accountants

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

CURRENT ASSETS

Debtors

188,209

143,467

Cash at bank

11,284

7,528

199,493

150,995

CREDITORS

Amounts falling due within one year

117,422

73,057

NET CURRENT ASSETS

82,071

77,938

TOTAL ASSETS LESS CURRENT LIABILITIES

82,071

77,938

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

81,971

77,838

SHAREHOLDERS' FUNDS

82,071

77,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 31 August 2017 and were signed by:

P J Glickman - 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.

Turnover represents goods and services provided, net of VAT and is recognised when goods are despatched and

services have been provided.

Taxation

The charge for taxation is based on the result for the year and takes into account deferred taxation. Provision is

made for material deferred taxation, in respect of all timing differences that have originated but not reversed at

the balance sheet date. Deferred tax assets are recognised only to the extent that the Directors consider that it is

more likely than not, that there will be suitable taxable profits from which the future reversal of the underlying

timing differences can be deducted.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/16

30/11/15

value:

£

£

100

Ordinary

1

100

100

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES