Abbreviated Company Accounts - PROFESSIONAL FUND MAINTENANCE LTD

PROFESSIONAL FUND MAINTENANCE LTD - Company Information

02456410 PROFESSIONAL FUND MAINTENANCE LTD 2014-03-31 false 2013-04-01 2014-03-31 true 02456410 2013-04-01 2014-03-31 02456410 2014-03-31 02456410 2013-03-31 02456410 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02456410 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 02456410

PROFESSIONAL FUND MAINTENANCE LTD

Abbreviated Accounts

31 March 2014

PROFESSIONAL FUND MAINTENANCE LTD Registered Number 02456410

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	5	5
Tangible assets	3	3,168	1,819
		3,173	1,824
Current assets
Debtors		2,417	585
Investments		41,599	52,597
Cash at bank and in hand		13,202	13,883
		57,218	67,065
Creditors: amounts falling due within one year		(24,783)	(33,623)
Net current assets (liabilities)		32,435	33,442
Total assets less current liabilities		35,608	35,266
Provisions for liabilities		(634)	(364)
Total net assets (liabilities)		34,974	34,902
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		33,974	33,902
Shareholders' funds		34,974	34,902

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 July 2014

And signed on their behalf by:
Colin Frederick Eyre, Director

PROFESSIONAL FUND MAINTENANCE LTD Registered Number 02456410

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for fees and services provided in the UK net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 20% straight line

2Intangible fixed assets

	£
Cost
At 1 April 2013	5
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	5
Amortisation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	5
At 31 March 2013	5

3Tangible fixed assets

	£
Cost
At 1 April 2013	18,529
Additions	2,499
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	21,028
Depreciation
At 1 April 2013	16,710
Charge for the year	1,150
On disposals	-
At 31 March 2014	17,860
Net book values
At 31 March 2014	3,168
At 31 March 2013	1,819

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000