Platinum (SRI) Financial Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06445708 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

Platinum (SRI) Financial Services Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Boucher

REGISTERED OFFICE:

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

REGISTERED NUMBER:

06445708 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Intangible assets

4

114,000

128,250

Tangible assets

5

6,606

7,183

120,606

135,433

CURRENT ASSETS

Debtors

36,560

2,881

Cash at bank

16,186

28,460

52,746

31,341

CREDITORS

Amounts falling due within one year

28,802

19,643

NET CURRENT ASSETS

23,944

11,698

TOTAL ASSETS LESS CURRENT LIABILITIES

144,550

147,131

CREDITORS

Amounts falling due after more than one year

(40,130

)

(88,321

)

PROVISIONS FOR LIABILITIES

(1,255

)

(1,365

)

NET ASSETS

103,165

57,445

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

103,163

57,443

SHAREHOLDERS' FUNDS

103,165

57,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 4 January 2019 and were signed by:

R Boucher - Director

1.	STATUTORY INFORMATION

Platinum (SRI) Financial Services Ltd 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.

The company sells independent financial services. All income is received from Retail Investment Products and is received

on an annual percentage basis and is paid monthly.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper,

are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction

is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and

preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes

a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a

market rate of interest.

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 2 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2017

and 30 September 2018

150,000

AMORTISATION

At 1 October 2017

21,750

Amortisation for year

14,250

At 30 September 2018

36,000

NET BOOK VALUE

At 30 September 2018

114,000

At 30 September 2017

128,250

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2017

8,906

Additions

882

At 30 September 2018

9,788

DEPRECIATION

At 1 October 2017

1,723

Charge for year

1,459

At 30 September 2018

3,182

NET BOOK VALUE

At 30 September 2018

6,606

At 30 September 2017

7,183

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/18

30/9/17

value:

£

£

2

Ordinary

£1

2

2