PMS Services Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04181963

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

PMS SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

Mr P McSharry

SECRETARY:

Miss J M Ward

REGISTERED OFFICE:

Cedar Court

5 College Street

Petersfield

Hampshire

GU31 4AE

REGISTERED NUMBER:

04181963

ACCOUNTANTS:

Wallis White & Co

Accountants and Tax Consultants

Cedar Court

5 College Street

Petersfield

Hampshire

GU31 4AE

FIXED ASSETS

Tangible assets

2

1,447

1,370

CURRENT ASSETS

Stocks

-

3,000

Debtors

28,481

16,861

Cash at bank and in hand

2

6,087

28,483

25,948

CREDITORS

Amounts falling due within one year

29,442

25,571

NET CURRENT (LIABILITIES)/ASSETS

(959

)

377

TOTAL ASSETS LESS CURRENT LIABILITIES

488

1,747

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

486

1,745

SHAREHOLDERS' FUNDS

488

1,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 December 2014 and were signed by:

Mr P McSharry - 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 April 2008).

Turnover

Turnover consists of net invoiced sales of goods and services, excluding 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

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Total

£

COST

At 1 April 2013

5,389

Additions

333

At 31 March 2014

5,722

DEPRECIATION

At 1 April 2013

4,019

Charge for year

256

At 31 March 2014

4,275

NET BOOK VALUE

At 31 March 2014

1,447

At 31 March 2013

1,370

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2