Private Client Services (NW) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07312143 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

PRIVATE CLIENT SERVICES (NW) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H J Smith

P Crone

REGISTERED OFFICE:

205a Nantwich Road

Crewe

Cheshire

CW2 6DD

REGISTERED NUMBER:

07312143 (England and Wales)

ACCOUNTANTS:

Accountancy Services (Cheshire) Limited

205a Nantwich Road

Crewe

Cheshire

CW2 6DD

FIXED ASSETS

Intangible assets

4

52,800

59,400

CURRENT ASSETS

Stocks

31,450

34,300

Debtors

5

13,893

10,102

Cash at bank and in hand

1,672

9,022

47,015

53,424

CREDITORS

Amounts falling due within one year

6

5,672

22,271

NET CURRENT ASSETS

41,343

31,153

TOTAL ASSETS LESS CURRENT LIABILITIES

94,143

90,553

CREDITORS

Amounts falling due after more than one year

7

19,995

19,950

NET ASSETS

74,148

70,603

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

74,048

70,503

SHAREHOLDERS' FUNDS

74,148

70,603

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 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 December 2017 and were signed on its behalf by:

H J Smith - Director

1.	STATUTORY INFORMATION

Private Client Services (NW) 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 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

66,000

AMORTISATION

At 1 April 2016

6,600

Amortisation for year

6,600

At 31 March 2017

13,200

NET BOOK VALUE

At 31 March 2017

52,800

At 31 March 2016

59,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,303

4,574

Bad debt provision

(734

)

(734

)

Amounts owed by group undertakings

12,324

6,262

13,893

10,102

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1

1

Amounts owed to group undertakings

-

8,468

Tax

886

582

Social security and other taxes

530

530

Other creditors

-

1,764

Directors' current accounts

2,595

8,766

Accrued expenses

1,660

2,160

5,672

22,271

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Subordinated Directors Loans

19,995

19,950