PYLE_CONSULTING_LIMITED - Accounts

PYLE CONSULTING LIMITED - Company Information

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Company Registration No. 02730139 (England and Wales)

PYLE CONSULTING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

PYLE CONSULTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PYLE CONSULTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

12,147

6,172

Investments

1,220

3,050

13,367

9,222

Current assets

Stocks

75,361

124,575

Debtors

211,647

286,597

Cash at bank and in hand

211,916

217,887

498,924

629,059

Creditors: amounts falling due within one year

(227,776)

(212,769)

Net current assets

271,148

416,290

Total assets less current liabilities

284,515

425,512

Provisions for liabilities

(295)

284,220

425,217

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

284,100

425,097

Shareholders' funds

284,220

425,217

PYLE CONSULTING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2015

- 2 -

For the financial year ended 31 July 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 his 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 for issue on 10 February 2016

B R Champion

Director

Company Registration No. 02730139

PYLE CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

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).

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

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:

Fixtures, fittings & equipment

20% reducing balance basis or 3 years straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

PYLE CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 August 2014

17,413

3,050

20,463

Additions

8,242

Disposals

(1,830)

At 31 July 2015

25,655

1,220

26,875

Depreciation

At 1 August 2014

11,241

Charge for the year

2,267

At 31 July 2015

13,508

Net book value

At 31 July 2015

12,147

1,220

13,367

At 31 July 2014

6,172

3,050

9,222

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Ellipta Limited

England and Wales

Ordinary

20.00

Pyle Car Park Consultants

Engalnd and Wales

Ordinary

50.00

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of 50p each

20 "A" Shares of 50p each