PIERCE_FORENSIC_LIMITED - Accounts
PIERCE_FORENSIC_LIMITED - Accounts
Company Registration No. 05969229 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(164,017 )
(62,555 )
Total assets less current liabilities
Capital and reserves
Called up share capital
2
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 5 February 2016
Director
Director
Company Registration No. 05969229
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
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
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.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
3
Ultimate parent company
The ultimate controlling party is Pierce Group Ltd which owned all of the issued share capital of this company at the year end.