Psychologists' Protection Services Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC379274 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2016

FOR

PSYCHOLOGISTS' PROTECTION SERVICES

LIMITED

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mrs R A Murray

Mr E M Murray

SECRETARY:

Mrs M Y Murray

REGISTERED OFFICE:

The eCentre

Cooperage Way

Alloa

FK10 3LP

REGISTERED NUMBER:

SC379274 (Scotland)

ACCOUNTANTS:

Atkinson & Co Limited

Chartered Accountants

Victoria House

87 High Street

Tillicoultry

Clackmannanshire

FK13 6AA

BANKERS:

Royal Bank of Scotland

19 High Street

Alloa

FK10 1JF

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the

Companies Act 2006, we have prepared the financial statements of the company on pages 3 to 10 from the

accounting records and information and explanations supplied to us.

This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our

engagement. Our work has been undertaken to enable us to prepare the financial statements on behalf of the

Company's Board of Directors and for no other purpose. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as

a body, for our work or for this report.

We have carried out this engagement in accordance with best practice guidance issued by the Institute of

Chartered Accountants of Scotland and have complied with the ethical guidance laid down by the Institute

relating to members undertaking the preparation of financial statements.

You have acknowledged on the balance sheet as at 31 July 2016 your duty to ensure that the company has

kept adequate accounting records and to prepare financial statements that give a true and fair view under the

Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit

for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not

verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the financial statements.

Atkinson & Co Limited

Chartered Accountants

Victoria House

87 High Street

Tillicoultry

Clackmannanshire

FK13 6AA

Date: .............................................

FIXED ASSETS

Tangible assets

2

367

566

CURRENT ASSETS

Debtors

145

1,029

Cash at bank and in hand

61,008

50,096

61,153

51,125

CREDITORS

Amounts falling due within one year

(60,295

)

(46,826

)

NET CURRENT ASSETS

858

4,299

TOTAL ASSETS LESS CURRENT LIABILITIES

1,225

4,865

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,125

4,765

SHAREHOLDERS' FUNDS

1,225

4,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2016 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 15th September 2016 and were signed on its behalf by:

Mr E M Murray - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% per annum straight line

All fixed assets are initially recorded at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2015

and 31st July 2016

999

DEPRECIATION

At 1st August 2015

433

Charge for year

199

At 31st July 2016

632

NET BOOK VALUE

At 31st July 2016

367

At 31st July 2015

566

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100