Company Registration No. 07258261 (England and Wales)
PATIENT EXPERIENCE NETWORK
ABBREVIATED ACCOUNTSCompany accounts
FOR THE YEAR ENDED 31 MAY 2014Other
PATIENT EXPERIENCE NETWORK
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PATIENT EXPERIENCE NETWORK
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Current assets
Debtors
38,682
10,893
Cash at bank and in hand
18,167
34,219
56,849
45,112
Creditors: amounts falling due within one year
(49,354)
(27,857)
Total assets less current liabilities
7,495
17,255
Accruals and deferred income
(12,060)
7,495
5,195
Capital and reserves
Profit and loss account
7,495
5,195
Shareholders' funds
7,495
5,195
For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 18 December 2014
Miss M Skeels
Director
Company Registration No. 07258261
PATIENT EXPERIENCE NETWORK
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2
Ultimate parent company
The ultimate controlling parties are Mr C Wight, Miss M Skeels and Ms R Evans.
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