Pet Industry Federation Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07252816 (England and Wales)

PET INDUSTRY FEDERATION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Aldis

P J Bousfield

S W Fowler

S Gwynne

Ms M M Moorcroft

S D Simons

P C Roy

REGISTERED OFFICE:

Bedford Business Centre

170 Mile Road

Bedford

Bedfordshire

MK42 9TW

REGISTERED NUMBER:

07252816 (England and Wales)

ACCOUNTANTS:

Keens Shay Keens Limited

Chartered Accountants

2nd Floor Exchange Building

16 St Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

FIXED ASSETS

Tangible assets

2

18,765

34,319

CURRENT ASSETS

Stocks

4,181

1,066

Debtors

66,256

86,829

Cash at bank and in hand

75,004

78,841

145,441

166,736

CREDITORS

Amounts falling due within one year

105,239

109,813

NET CURRENT ASSETS

40,202

56,923

TOTAL ASSETS LESS CURRENT LIABILITIES

58,967

91,242

CREDITORS

Amounts falling due after more than one year

100,000

70,000

NET (LIABILITIES)/ASSETS

(41,033

)

21,242

RESERVES

Profit and loss account

(41,033

)

21,242

(41,033

)

21,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 January 2016 and were signed on its behalf by:

P J Bousfield - Director

K Aldis - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis. The Pet Charity has given its financial support by way of a loan

which will not be withdrawn until 31 March 2017.

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).

Preparation of consolidated financial statements

The financial statements contain information about Pet Industry Federation Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the

Companies Act 2006 not to prepare consolidated financial statements. New Articles of Association were adopted on 19 June

2014 by The Pet Charity removing the Company from the control of Pet Industry Federation Limited.

Turnover

Turnover represents income from services provided to pet specialist members and other pet care businesses excluding value

added tax. This ranged from training to support at pet events, as well as information on and representation to law and policy

makers.

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 cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

As a membership organisation or mutual trading body the company is only taxable on those elements of its income and capital

gains that are derived from sources outside of its membership base.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

86,293

Additions

3,575

Disposals

(5,247

)

At 30 April 2015

84,621

DEPRECIATION

At 1 May 2014

51,974

Charge for year

16,656

Eliminated on disposal

(2,774

)

At 30 April 2015

65,856

NET BOOK VALUE

At 30 April 2015

18,765

At 30 April 2014

34,319

3.	ULTIMATE CONTROLLING PARTY

The company is under the control of its members and as such there is no single controlling party.