REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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FOR |
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PTFS EUROPE LIMITED |
REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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FOR |
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PTFS EUROPE LIMITED |
PTFS EUROPE LIMITED (REGISTERED NUMBER: 06416372) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
PTFS EUROPE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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PTFS EUROPE LIMITED (REGISTERED NUMBER: 06416372) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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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. |
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The financial statements were approved by the Board of Directors on
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PTFS EUROPE LIMITED (REGISTERED NUMBER: 06416372) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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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 January 2015). |
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The financial statements have been prepared under the going concern convention as the directors have agreed to |
continue to support the business in order that the creditors will be met when falling due. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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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. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2015 |
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Additions |
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Disposals | ( |
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At 30 November 2016 |
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DEPRECIATION |
At 1 December 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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PTFS EUROPE LIMITED (REGISTERED NUMBER: 06416372) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | 0.05 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At the balance sheet date the company owed Mr N L Dimant (Director and 34% shareholder) £48,089 (2015: |
£52,795). The loan is payable on demand and interest at 4% has been charged on the outstanding balance. |
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At the balance sheet date the company owed Mr J G Field (Director and 34% shareholder) £4,088 (2015: |
£4,088). The loan is payable on demand and interest at 4% has been charged on the outstanding balance. |
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At the balance sheet date the company owed Mr I Bays (Director and 19.5% shareholder) £9,672 (2015: |
£15,354). The loan is payable on demand and interest at 4% has been charged on the outstanding balance. |