Abbreviated Company Accounts - PUBLIC AND CORPORATE ECONOMIC CONSULTANTS LIMITED
Abbreviated Company Accounts - PUBLIC AND CORPORATE ECONOMIC CONSULTANTS LIMITED
Registered Number 03105374
PUBLIC AND CORPORATE ECONOMIC CONSULTANTS LIMITED
Abbreviated Accounts
31 March 2015
PUBLIC AND CORPORATE ECONOMIC CONSULTANTS LIMITED Registered Number 03105374
Abbreviated Balance Sheet as at 31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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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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For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
PUBLIC AND CORPORATE ECONOMIC CONSULTANTS LIMITED Registered Number 03105374
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
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.
Tangible assets depreciation policy
Computer equipment 25% straight line
Fixtures, fittings & equipment 20% straight line
Other accounting policies
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).
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
( |
At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 5,012 |
At 31 March 2014 | 3,000 |