PIERCE_FORENSIC_LIMITED - Accounts

PIERCE FORENSIC LTD - Company Information

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Company Registration No. 05969229 (England and Wales)

PIERCE FORENSIC LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

PIERCE FORENSIC LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PIERCE FORENSIC LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Current assets

Stocks

31,243

12,414

Debtors

133,728

165,372

Cash at bank and in hand

34,798

28,873

199,769

206,659

Creditors: amounts falling due within one year

(62,555)

(111,041)

Total assets less current liabilities

137,214

95,618

Capital and reserves

Called up share capital

100

Profit and loss account

137,114

95,518

Shareholders' funds

137,214

95,618

For the financial year ended 31 May 2014 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 25 February 2015

John Derrick Green

Jeremy Franklin Rowe

Director

Company Registration No. 05969229

PIERCE FORENSIC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

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 April 2008).

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

1.2

Turnover

Fee income represents revenue earned under a variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in work in progress and turnover.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The ultimate controlling party is 05107560 Ltd (previously Pierce Group Ltd) which owned all of the issued share capital of this company at the year end.