Phil Mooney Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10913491 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

14 AUGUST 2017 TO 5 APRIL 2018

FOR

PHIL MOONEY SERVICES LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Debtors

5

10,423

Cash at bank

6,476

16,899

CREDITORS

Amounts falling due within one year

6

10,107

NET CURRENT ASSETS

6,792

TOTAL ASSETS LESS CURRENT LIABILITIES

6,792

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

6,791

SHAREHOLDERS' FUNDS

6,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 9 September 2018 and were signed by:

Mr. P R Mooney - Director

1.	STATUTORY INFORMATION

Phil Mooney Services Ltd is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address are as below:

Registered number:

10913491

Registered office:

48 St Leonards Road

Bexhill on Sea

East Sussex

TN40 1JB

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the

period, together with income accrued but un-billed at the period end.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit

and Loss Account, 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 period 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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences

a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are

equivalent to a similar debt instrument, those financial instruments are classed as financial

liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs

and gains or losses relating to financial liabilities are included in the profit and loss account.

Finance costs are calculated so as to produce a constant rate of return on the outstanding

liability.

Where the contractual terms of share capital do not have any terms meeting the definition

of a financial liability then this is classed as an equity instrument. Dividends and

distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,050

Director's current account

4,782

Prepayments and accrued income

1,591

10,423

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Corporation tax

1,055

PAYE and social security

7,190

Accruals and deferred income

1,862

10,107

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

5 April 2018:

£

Mr. P R Mooney

Balance outstanding at start of period

-

Amounts advanced

4,782

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

4,782

The balance on the director's current account is interest free and repayable on demand.

9.	FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102.