Company Registration No. 03930872 (England and Wales)
PWP ARCHITECTS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
PWP ARCHITECTS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PWP ARCHITECTS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
25,501
25,285
Current assets
Debtors
668,001
487,516
Cash at bank and in hand
128,110
219,787
796,111
707,303
Creditors: amounts falling due within one year
(276,165)
(188,128)
Net current assets
519,946
519,175
Total assets less current liabilities
545,447
544,460
Provisions for liabilities
(4,427)
-
541,020
544,460
Capital and reserves
Called up share capital
3
21,003
21,003
Profit and loss account
520,017
523,457
Shareholders' funds
541,020
544,460
For the financial year ended 31 March 2016 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 12 October 2016
J L Sayer
Director
Company Registration No. 03930872
PWP ARCHITECTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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 January 2015).
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
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:
Computer equipment
- 33% on cost
Fixtures, fittings & equipment
- 15% on reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
210,000
155,752
365,752
Additions
-
10,485
10,485
At 31 March 2016
210,000
166,237
376,237
Depreciation
At 1 April 2015
210,000
130,467
340,467
Charge for the year
-
10,269
10,269
At 31 March 2016
210,000
140,736
350,736
Net book value
At 31 March 2016
-
25,501
25,501
At 31 March 2015
-
25,285
25,285
PWP ARCHITECTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
21,000 Ordinary A shares of £1 each
21,000
21,000
3 Ordinary B shares of £1 each
3
3
21,003
21,003