PIFC_CONSULTING_LIMITED - Accounts

PIFC_CONSULTING_LIMITED - Accounts

PIFC CONSULTING LIMITED - Company Information

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Company Registration No. 01751876 (England and Wales)
PIFC CONSULTING LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
PIFC CONSULTING LIMITED
COMPANY INFORMATION
Directors
S L Ring
(Appointed 12 August 2014)
A J Bowman
(Appointed 5 September 2014)
Secretary
Capita Group Secretary Limited
Company number
01751876
Registered office
17 Rochester Row
London
SW1P 1QT
Accountants
KPMG Audit Plc
15 Canada Square
London
E14 5GL
Bankers
Barclays Bank PLC
1 Churchill Place
London
E14 5HP
PIFC CONSULTING LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
PIFC CONSULTING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2013
- 1 -
The directors present their report and unaudited financial statements for the year ended 31 December 2013. The company is dormant and has not traded during the year.
Directors
The following directors have held office since 1 January 2013:
N M H Burns
(Resigned 12 August 2014)
S Sharp
(Resigned 23 April 2014)
D W Crawford
(Appointed 30 August 2013 and resigned 6 December 2013)
A N Greatorex
(Appointed 3 February 2014 and resigned 5 September 2014)
S L Ring
(Appointed 12 August 2014)
A J Bowman
(Appointed 5 September 2014)
On behalf of the board
A J Bowman
Director
12 September 2014
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2013
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
PIFC CONSULTING LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2013
- 2 -
2013
2012
Notes
£
£
Total assets less current liabilities
-
-
Capital and reserves
Called up share capital
2
2,100,000
2,100,000
Profit and loss account
3
(2,100,000)
(2,100,000)
Shareholders' funds
-
0
-
0
Audit exemption statement
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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 12 September 2014
A J Bowman
Director
Company Registration No. 01751876
PIFC CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
1
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 company has ceased trading. For this reason, and as required by FRS 18.21, the directors have prepared the financial statements on the basis that the company is no longer a going concern.
The company has not produced a cashflow statement on the basis that the ultimate parent undertaking, Capita plc, has prepared a group cashflow statement in accordance with FRS1 (revised).
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
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.
1.4
Related party transactions
The company has taken advantage of the exemption under FRS 8: Related Party Disclosures not to disclose transactions entered into between two or more members of Capita plc, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
2
Share capital
2013
2012
£
£
Allotted, called up and fully paid
2,100,000 Ordinary shares of £1 each
2,100,000
2,100,000
On 23rd April, preference shares of £600,000 were converted to ordinary share capital.
3
Statement of movements on profit and loss account
Profit and loss
account
£
Balance at 1 January 2013
(2,100,000)
Balance at 31 December 2013
(2,100,000)
PIFC CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 4 -
4
Control
The immediate parent company is Capita Employee Benefits Holdings Limited (Formerly Bluefin Corporate Holdings Ltd), a company registered in England and Wales, and the ultimate parent company is Capita plc, a company registered in England and Wales.

Capita plc prepares group financial statements and copies can be obtained from 71 Victoria Street, Westminster, London SW1H 0XA.
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