Preston Insurance Associates Ltd
|
Registered number: |
SC163957
|
Abbreviated Balance Sheet |
as at 30 June 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
25,760 |
|
|
25,760 |
Tangible assets |
3 |
|
|
2,330 |
|
|
2,913 |
|
|
|
|
28,090 |
|
|
28,673 |
|
Current assets |
Cash at bank and in hand |
|
|
4,801 |
|
|
9,785 |
|
Creditors: amounts falling due within one year |
|
|
(624) |
|
|
(5,641) |
|
Net current assets |
|
|
|
4,177 |
|
|
4,144 |
|
Total assets less current liabilities |
|
|
|
32,267 |
|
|
32,817 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(34,604) |
|
|
(26,650) |
|
|
|
Net (liabilities)/assets |
|
|
|
(2,337) |
|
|
6,167 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(2,437) |
|
|
6,067 |
|
Shareholder's funds |
|
|
|
(2,337) |
|
|
6,167 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
S W Aitchison |
Director |
Approved by the board on 9 March 2017
|
|
Preston Insurance Associates Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 30 June 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
20% reducing balance
|
|
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
64,400 |
|
At 30 June 2016 |
64,400 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2015 |
38,640 |
|
At 30 June 2016 |
38,640 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
25,760 |
|
At 30 June 2015 |
25,760 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
7,433 |
|
At 30 June 2016 |
7,433 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2015 |
4,520 |
|
Charge for the year |
583 |
|
At 30 June 2016 |
5,103 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
2,330 |
|
At 30 June 2015 |
2,913 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|