P_W_&_PARTNERS_LTD - Accounts

PW & PARTNERS HOLDING LTD - Company Information

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Company Registration No. SC346395 (Scotland)

P W & PARTNERS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

P W & PARTNERS LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

P W & PARTNERS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

202,500

217,500

Tangible assets

5,247

4,679

207,747

222,179

Current assets

Debtors

42,995

39,765

Cash at bank and in hand

64,944

67,504

107,939

107,269

Creditors: amounts falling due within one year

(51,486)

(107,377)

Net current assets/(liabilities)

56,453

(108)

Total assets less current liabilities

264,200

222,071

Creditors: amounts falling due after more than one year

(2,500)

(7,500)

Provisions for liabilities

(1,049)

(936)

260,651

213,635

Capital and reserves

Called up share capital

Profit and loss account

260,650

213,634

Shareholders' funds

260,651

213,635

P W & PARTNERS LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 and authorised for issue on 20 October 2015

P Wotherspoon

Director

Company Registration No. SC346395

P W & PARTNERS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company made profits during the year and at the year end had a positive balance sheet. The director considers that this will continue to be the case for the foreseeable future and on this basis the accounts have been prepared as a going concern.

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

25% straight line

Fixtures, fittings & equipment

25% straight line

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

P W & PARTNERS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

300,000

11,445

311,445

Additions

2,909

At 31 March 2015

300,000

14,354

314,354

Depreciation

At 1 April 2014

82,500

6,766

89,266

Charge for the year

15,000

2,341

17,341

At 31 March 2015

97,500

9,107

106,607

Net book value

At 31 March 2015

202,500

5,247

207,747

At 31 March 2014

217,500

4,679

222,179

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each