Philip Daniels Operations Limited - Limited company - abbreviated

REGISTERED NUMBER: SC345976 (Scotland)

Abbreviated Accounts for the Year Ended 31 July 2014

for

Philip Daniels Operations Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P J Daniels

SECRETARY:

Mrs K A Daniels

REGISTERED OFFICE:

8 Murray Place

Stonehaven

Aberdeenshire

AB39 2GG

REGISTERED NUMBER:

SC345976 (Scotland)

ACCOUNTANTS:

The Grant Considine Partnership

Chartered Accountants

46 High Street

Banchory

Aberdeenshire

AB31 5SR

FIXED ASSETS

Tangible assets

2

1,573

1,957

CURRENT ASSETS

Debtors

1,545

74

Cash at bank

3,847

19,959

5,392

20,033

CREDITORS

Amounts falling due within one year

6,546

16,541

NET CURRENT (LIABILITIES)/ASSETS

(1,154

)

3,492

TOTAL ASSETS LESS CURRENT
LIABILITIES

419

5,449

PROVISIONS FOR LIABILITIES

314

391

NET ASSETS

105

5,058

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

5

4,958

SHAREHOLDERS' FUNDS

105

5,058

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 2 February 2015 and were signed by:

Mr P J Daniels - 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 represents net invoiced sales of services, excluding value added tax. Services provided as at the

balance sheet date, but unbilled are included in turnover and are included in prepayments and accrued income in

the balance sheet.

Tangible fixed assets

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

Office Equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the

company has entered into a binding agreement to sell the assets and recognised the gains and losses expected to

arise on sale or where assets have been sold and it is expected that the taxable gain will be rolled over into a

replacement asset.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

3,775

DEPRECIATION

At 1 August 2013

1,818

Charge for year

384

At 31 July 2014

2,202

NET BOOK VALUE

At 31 July 2014

1,573

At 31 July 2013

1,957

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2014 and

31 July 2013:

2014

2013

£

Mr P J Daniels

Balance outstanding at start of year

-

Amounts advanced

1,310

-

Amounts repaid

-

Balance outstanding at end of year

1,310

-

Philip Daniels Operations Limited - Limited company - abbreviated - 11.6

Philip Daniels Operations Limited - Limited company - abbreviated - 11.6