PHREN SOFT LIMITED - UNAUDITED ABBREVIATED ACCOUNTS

PHREN SOFT LIMITED - UNAUDITED ABBREVIATED ACCOUNTS


PHREN SOFT LIMITED08158589falsetrue 1 August 201531 July 201631 July 2016Chokkalingam Thenappantrue081585892014-08-012015-07-3108158589uk-gaap:InvestmentProperties2014-08-012015-07-3108158589uk-gaap:OwnedOrFreeholdTangibleFixedAssets2014-08-012015-07-3108158589uk-gaap:LeasedTangibleFixedAssets2014-08-012015-07-3108158589uk-bus:AllEntityOfficers2014-08-012015-07-3108158589uk-bus:EntityAccountantsOrAuditors2014-08-012015-07-3108158589uk-gaap:ProvisionsForDeferredTaxation2014-08-012015-07-3108158589uk-gaap:LandBuildingsuk-gaap:OwnedOrFreeholdTangibleFixedAssets2015-07-3108158589uk-gaap:VehiclesPlantMachinery2015-07-3108158589uk-gaap:WithinOneYear2015-07-3108158589uk-gaap:AfterOneYear2015-07-3108158589uk-gaap:MoreThanFiveYears2015-07-3108158589uk-bus:OrdinaryShareClass12015-07-3108158589uk-bus:OrdinaryShareClass22015-07-3108158589uk-bus:AllOrdinaryShares2015-07-31081585892015-07-3108158589uk-bus:PreferenceShareClass12015-07-3108158589uk-gaap:ProvisionsForDeferredTaxation2014-08-01081585892015-08-012016-07-3108158589uk-bus:Director12015-08-012016-07-3108158589uk-bus:Director22015-08-012016-07-3108158589uk-bus:Director32015-08-012016-07-3108158589uk-bus:Director42015-08-012016-07-3108158589uk-bus:Director52015-08-012016-07-3108158589uk-bus:Director62015-08-012016-07-3108158589uk-bus:Director72015-08-012016-07-3108158589uk-bus:Director82015-08-012016-07-3108158589uk-bus:Director92015-08-012016-07-3108158589uk-bus:OrdinaryShareClass12015-08-012016-07-3108158589uk-bus:CompanySecretary2015-08-012016-07-3108158589uk-gaap:InvestmentProperties2015-08-012016-07-3108158589uk-gaap:PlantMachinery2015-08-012016-07-3108158589uk-gaap:MotorVehicles2015-08-012016-07-3108158589uk-gaap:OwnedOrFreeholdTangibleFixedAssets2015-08-012016-07-3108158589uk-gaap:LeasedTangibleFixedAssets2015-08-012016-07-3108158589uk-bus:AllEntityOfficers2015-08-012016-07-3108158589uk-bus:EntityAccountantsOrAuditors2015-08-012016-07-3108158589uk-gaap:NetGoodwill2015-08-012016-07-3108158589uk-gaap:LandBuildings2015-08-012016-07-3108158589uk-gaap:ProvisionsForDeferredTaxation2015-08-012016-07-3108158589uk-bus:OrdinaryShareClass22015-08-012016-07-3108158589uk-bus:PreferenceShareClass12015-08-012016-07-3108158589uk-bus:AllOrdinaryShares2015-08-012016-07-31081585892016-07-3108158589uk-gaap:NetGoodwill2016-07-3108158589uk-gaap:LandBuildings2016-07-3108158589uk-gaap:PlantMachinery2016-07-3108158589uk-gaap:MotorVehicles2016-07-3108158589uk-gaap:LandBuildingsuk-gaap:OwnedOrFreeholdTangibleFixedAssets2016-07-3108158589uk-gaap:VehiclesPlantMachinery2016-07-3108158589uk-gaap:WithinOneYear2016-07-3108158589uk-gaap:AfterOneYear2016-07-3108158589uk-gaap:MoreThanFiveYears2016-07-3108158589uk-gaap:ProvisionsForDeferredTaxation2016-07-3108158589uk-bus:OrdinaryShareClass12016-07-3108158589uk-bus:OrdinaryShareClass22016-07-3108158589uk-bus:AllOrdinaryShares2016-07-3108158589uk-bus:PreferenceShareClass12016-07-3108158589uk-bus:Director12016-07-3108158589uk-bus:Director22016-07-3108158589uk-bus:Director32016-07-3108158589uk-bus:Director42016-07-3108158589uk-bus:Director52016-07-3108158589uk-bus:Director62016-07-3108158589uk-bus:Director72016-07-3108158589uk-bus:Director82016-07-3108158589uk-bus:Director92016-07-3108158589uk-bus:AllEntityOfficers2016-07-31081585892015-08-0108158589uk-gaap:NetGoodwill2015-08-0108158589uk-gaap:LandBuildings2015-08-0108158589uk-gaap:PlantMachinery2015-08-0108158589uk-gaap:MotorVehicles2015-08-0108158589uk-gaap:ProvisionsForDeferredTaxation2015-08-0108158589uk-gaap:PriorPeriodIncreaseDecrease2015-08-0108158589uk-gaap:RestatedAmount2015-08-0108158589uk-bus:Director12015-08-0108158589uk-bus:Director22015-08-0108158589uk-bus:Director32015-08-0108158589uk-bus:Director42015-08-0108158589uk-bus:Director52015-08-0108158589uk-bus:Director62015-08-0108158589uk-bus:Director72015-08-0108158589uk-bus:Director82015-08-0108158589uk-bus:Director92015-08-0108158589uk-bus:AllEntityOfficers2015-08-01iso4217:GBPxbrli:shares
 
PHREN SOFT LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 July 2016
Company Registration Number
08158589
Armstronge
UNAUDITED ABBREVIATED ACCOUNTS
Chokkalingam Thenappan
Registered AddressPHREN SOFT LIMITED
BRUNEL HOUSE 340 FIRECREST COURT
CENTRE PARK
WARRINGTON
WA1 1RG
PHREN SOFT LIMITED
FOR THE PERIOD ENDED 31 July 2016

 
ABBREVIATED BALANCE SHEET
CYPY
Note
Fixed assets
Tangible fixed assets297355
Investments--
97355
Current assets
Stock
Debtors11,3009,495
Cash at bank and in hand70,43248,947
81,73258,442
Creditors: amounts falling due within one year(18,764)(19,175)
Net current assets/(liabilities)62,96839,267
Creditors: amounts falling due after more than one year
Net assets/(liabilities)63,06539,622
Capital and reserves
Called up share capital311
Profit and loss account63,06439,621
Shareholders' funds/(deficit)63,06539,622
The director is satisfied that for the period the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These abbreviated financial statements have been prepared in accordance with the special provisions for small companies.
These financial statements were approved and signed by the director and authorised for issue on 17 March 2017.
These financial statements were approved and signed by the director and authorised for issue on 17 March 2017.
Chokkalingam Thenappan
Director of PHREN SOFT LIMITED
Company Registration No: 08158589
The notes on pages 3 to 5 form part of these financial statements
PHREN SOFT LIMITED
FOR THE PERIOD ENDED 31 July 2016

 
NOTES TO THE ABBREVIATED ACCOUNTS
1. Accounting policies
Basis of accounting
The financial statements have been prepared under the historic cost convention, and in accordance with the Financial Reporting Standards For Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents the value of all services sold during the period, less returns received, at selling price exclusive of Value Added Tax.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the useful economic life of that asset as follows:
Fixtures & fittings - 15% reducing balance
Office equipment - 33% straight line
Motor vehicles - 25% reducing balance
Plant and machinery - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Foreign currency
Transactions in foreign currency are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Pension costs
The company operates a defined contribution pension scheme and the pension cost charge represents the contributions payable by the company to the fund in respect of the period. The assets of the scheme are held separately from those of the company in an independently administered fund.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
PHREN SOFT LIMITED
FOR THE PERIOD ENDED 31 July 2016

 
NOTES TO THE ABBREVIATED ACCOUNTS
1. Accounting policies (continued)
Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Going concern
The director reviews the financial position of the company from the date of approval of the accounts on an ongoing basis, and concludes that the company is able to meet all its liabilities as they fall due.
2. Fixed assets
CostPlant & Machinery etc.
At beginning of the period777
Additions
Disposals
At end of the period777
Depreciation
At beginning of the period423
Depreciation charge for the period258
Depreciation on disposals
At end of the period680
Net book value
At end of period96
At beginning of period354
3. Share capital
Allotted, called up and fully paid:20162015
No.£No.£
Ordinary Share1111
1.001.00
PHREN SOFT LIMITED
FOR THE PERIOD ENDED 31 July 2016

 
NOTES TO THE ABBREVIATED ACCOUNTS
4. Transactions with Directors
DLA noteCYPY
Balance brought forward00
Advances granted by the company to its director(s)00
Credits granted to the director(s)00
Balance carried forward00
The directors loan was interest free and had no fixed date for repayment.
Total dividends paid to the directors in the period were £30,493 (and for the prior period £32,756).
5. Control
Throughout the period the company was controlled by director and shareholder Chokkalingam Thenappan.
DETAILED PROFIT AND LOSS ACCOUNT
Turnover
Cost of Sales
Purchases
Subcontractor costs
Gross Profit
Administrative expenses
Wages and salaries
Employer's NI
Employer's pension contributions
Insurance
Rent & rates
Light & heat
Travel and subsistence
Professional fees
Depreciation
(Profit)/loss on disposal of fixed assets
Office expenses
Advertising, printing, stationery & postage
Entertainment
Donations
Bank charges
Bad debts
Operating profit/(loss)
Bank interest receivable
Bank interest payable
Profit/(loss) on ordinary activities
Interest receivable (Cr bal)
Interest receivable (Dr bal)
Interest payable (Dr bal)
Interest payable (Cr bal)
Trade Debtors (Dr bal)
Trade Debtors (Cr bal)
Credit Card control (Dr bal)
Credit Card control (Cr bal)
Corporation Tax (Dr bal)
Corporation Tax (Cr bal)
Vat (Dr bal)
Vat (Cr bal)
ST codes (Dr bal)
ST codes (Cr bal)
Trade Creditors (Dr bal)
Trade Creditors (Cr bal)
Longterm Loan Creditor (Dr bal)
Longterm Loan Creditor (Cr bal)
PAYE (Dr bal)
PAYE (Cr bal)
Bank Transfer (Dr bal)
Bank Transfer (Cr bal)
Pension Control (Dr bal)
Pension Control (Cr bal)
Yearend Adjustments (Dr bal)
Yearend Adjustments (Cr bal)
Migration Suspense (Dr bal)
Migration Suspense (Cr bal)
Other Debtors (Dr bal)
Other Debtors (Cr bal)
Personal Withdrawals (Dr bal)
Personal Withdrawals (Cr bal)
CIS (Dr bal)
CIS (Cr bal)
S419 (Dr bal)
S419 (Cr bal)
Non FRV Clearance (Dr bal)
Non FRV Clearance (Cr bal)
Bank loans due <1 year (Dr bal)
Bank loans due <1 year (Cr bal)
HP/Finance <1 year (Dr bal)
HP/Finance <1 year (Cr bal)
Other Creditors (Dr bal)
Other Creditors (Cr bal)
Longterm Lease (Dr bal)
Longterm Lease (Cr bal)
Professional Fees
P&L Rounding difference to go through prof fees
Rounding Difference calc a
Rounding Difference calc a
Rounding Difference calc b
Profit
Profit1
Profit2
Other Taxation Debtors
Other Finance Debtors
Other Debtor Balances
Other Taxation Creditors
Other Finance Creditors
Other Creditor Balances
Sum of admin expenes less professional fee
Sum of admin expenes less professional fee
PROFIT AND LOSS ACCOUNT
Turnover
Cost of sales
Gross profit
Administrative expenses
Operating profit/(loss)
Interest receivable
Interest payable and similar charges
Profit/(loss) on ordinary activities before taxation
Tax on profit/(loss) on ordinary activities
Profit/(loss) for the financial period
xx. Operating profit
Operating profit is stated after charging/(crediting):
Depreciation of owned fixed assets
Depreciation of leased fixed assets
Profit/(loss) on disposal of fixed assets
Director's remuneration
Director's pension contribution
The number of directors accruing benefits under a defined contribution scheme
was 1 for current period (and 0 for prior period).
xx. Taxation on ordinary activities
Analysis of tax charge in the period:
UK corporation tax
Tax under/(over) provided in previous years
xx. Dividends
Paid during the period
Dividends paid on ordinary shares
xx. Debtors
Trade debtors
Directors loan account
Other debtors
xx. Creditors
Amounts falling due within one year:
Bank loans
Bank overdrafts
Obligations under finance leases and hire purchase contracts
Director's loan account
Trade creditors
Corporation tax
Other tax and social security
Other creditors
Amounts falling due after more than one year:
Loans
Obligations under finance leases and hire purchase contracts
Total Liabilities falling due after more than one year
Loans repayable, included in creditors, are analysed as follows:
Wholly repayable within five years
Wholly repayable in more than five years
Total Loans repayable after one year
xx. Related party transactions
xx. Profit and loss account
Balance brought forward
Profit/(loss) for the financial period
Dividends
Balance carried forward
xx. Reconciliation of movements in shareholders' funds
Profit/(loss) for the financial period
New share capital subscribed
Dividends
Net addition to shareholders' funds
Shareholders' funds brought forward
Closing shareholders' funds