| Paul Rochelle Financial Services Ltd. |
| Registered Number:09534953 |
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
Paul Rochelle Financial Services Ltd.
Statement of Financial Position
2016
2017
| Property, plant and equipment |
9,767
14,858
2
9,767
14,858
31,349
| Cash and cash equivalents |
81,965
81,965
31,349
| Trade and other payables: amounts falling due within one year |
(21,986)
(45,854)
3
9,363
36,111
Net current assets
| Total assets less current liabilities |
45,878
24,221
| Trade and other payables: amounts falling due after more than |
| one year |
(15,078)
-
4
45,878
Net assets
9,143
45,878
9,143
45,878
9,143
Shareholders' funds
| For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
| These financial statements were approved and authorised for issue by the Board on 05 September 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2017
Paul Rochelle Financial Services Ltd.
Notes to the Financial Statements
Statutory Information
| Paul Rochelle Financial Services Ltd. is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 09534953. |
40 High Street
Pershore
Worcs
WR10 1DP
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain |
| assets. |
Revenue recognition
| Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
| 2. Property, plant and equipment |
Motor vehicles
22,288
1,244
21,044
21,044
1,244
22,288
| Provision for depreciation and impairment |
7,430
415
7,015
Charge for year
5,091
415
4,676
12,521
830
11,691
9,353
414
9,767
14,029
829
14,858
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For the year ended 31 March 2017
Paul Rochelle Financial Services Ltd.
Notes to the Financial Statements Continued
| 3. Trade and other payables: amounts falling due within one year |
2016
2017
-
(1)
| Taxation and social security |
12,743
11,582
33,111
10,405
45,854
21,986
| 4. Trade and other payables: amounts falling due after more than one year |
2016
2017
-
15,078
| 5. Related party transactions |
| The company is controlled by Mr & Mrs P A Rochelle who jointly hold the entire issued share capital. Each shareholder |
| received half of the dividends declared in each year. |
| The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have |
| been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the |
| transition to Section 1A of Financial Reporting Standard 102. |
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