Placidi Law Company Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06370096 (England and Wales)

Unaudited Financial Statements

for the Period 1 July 2015 to 31 December 2016

for

Placidi Law Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTORS:

Mr S Placidi

Mr M W Devall

REGISTERED OFFICE:

27 Middle Road

Park Gate

Southampton

Hampshire

SO31 7GH

REGISTERED NUMBER:

06370096 (England and Wales)

ACCOUNTANTS:

Jelliff Lamprey Partnership Limited

8th Floor

Connect Centre

Kingston Crescent

Portsmouth

Hampshire

PO2 8QL

FIXED ASSETS

Tangible assets

2

4,766

13,398

CURRENT ASSETS

Debtors

3

87,455

35,389

Cash at bank and in hand

4,754

24,472

92,209

59,861

CREDITORS

Amounts falling due within one year

4

95,400

53,691

NET CURRENT (LIABILITIES)/ASSETS

(3,191

)

6,170

TOTAL ASSETS LESS CURRENT LIABILITIES

1,575

19,568

CAPITAL AND RESERVES

Called up share capital

6

6

2

Profit and loss account

7

1,569

19,566

SHAREHOLDERS' FUNDS

1,575

19,568

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements were approved by the Board of Directors on 29 September 2017 and were signed on its behalf by:

Mr S Placidi - 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 the amount derived from ordinary activities, and stated after trade discounts, other sales

taxes and net of 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 etc

-

25% 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

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2015

and 31 December 2016

19,494

12,297

3,515

35,306

DEPRECIATION

At 1 July 2015

8,154

10,239

3,515

21,908

Charge for period

7,087

1,545

-

8,632

At 31 December 2016

15,241

11,784

3,515

30,540

NET BOOK VALUE

At 31 December 2016

4,253

513

-

4,766

At 30 June 2015

11,340

2,058

-

13,398

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

16,064

Other debtors

87,455

19,325

87,455

35,389

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

1

-

Trade creditors

1

(1

)

Taxation and social security

57,062

40,817

Other creditors

38,336

12,875

95,400

53,691

5.

LOANS

An analysis of the maturity of loans is given below:

2016

2015

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

5

Ordinary

£1

5

1

1

'A'

£1

1

1

6

2

4 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.

RESERVES

Profit

and loss

account

£

At 1 July 2015

19,566

Profit for the period

80,070

Dividends

(98,067

)

At 31 December 2016

1,569

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2016 and the

year ended 30 June 2015:

2016

2015

£

£

Mr S Placidi

Balance outstanding at start of period

10,763

-

Amounts advanced

107,292

10,763

Amounts repaid

(23,318

)

-

Balance outstanding at end of period

94,737

10,763

As at the year end the director, Mr S Placidi, owed the company £94,737.05. This was paid within 9 months of

the year end.

9.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr S Placidi.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Placidi Law Company Limited for the period ended 31 December 2016 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Placidi Law Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Placidi Law Company Limited and state those matters that we have agreed to state to the Board of Directors of Placidi Law Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Placidi Law Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Placidi Law Company Limited. You consider that Placidi Law Company Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Placidi Law Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jelliff Lamprey Partnership Limited

8th Floor

Connect Centre

Kingston Crescent

Portsmouth

Hampshire

PO2 8QL

29 September 2017