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Registration number: 04356403

P6UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

P6UK Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
P6UK Limited
for the Year Ended 31 January 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P6UK Limited for the year ended 31 January 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of P6UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of P6UK Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P6UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that P6UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P6UK Limited. You consider that P6UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of P6UK Limited. 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 statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

27 October 2015

 

P6UK Limited
(Registration number: 04356403)
Abbreviated Balance Sheet at 31 January 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

10,553

   

8,846

 

Current assets

 

             

Debtors

 

   

194,125

   

69,307

 

Cash at bank and in hand

 

   

38,296

   

8,389

 
   

   

232,421

   

77,696

 

Creditors: Amounts falling due within one year

 

   

(130,864)

   

(59,571)

 

Net current assets

 

   

101,557

   

18,125

 

Total assets less current liabilities

 

   

112,110

   

26,971

 

Provisions for liabilities

 

   

(1,194)

   

(651)

 

Net assets

 

   

110,916

   

26,320

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

110,816

   

26,220

 

Shareholders' funds

 

   

110,916

   

26,320

 

For the year ending 31 January 2015 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 27 October 2015 and signed on its behalf by:

.........................................
Mr A M Palmer
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

P6UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful life.

Asset class

Depreciation method and rate

Office equipment

33% straight line basis

Fixtures and fittings

20% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

P6UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 February 2014

 

70,527

   

70,527

 

Additions

 

3,815

   

3,815

 

At 31 January 2015

 

74,342

   

74,342

 

Depreciation

           

At 1 February 2014

 

61,681

   

61,681

 

Charge for the year

 

2,108

   

2,108

 

At 31 January 2015

 

63,789

   

63,789

 

Net book value

           

At 31 January 2015

 

10,553

   

10,553

 

At 31 January 2014

 

8,846

   

8,846

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

50

   

50

   

50

   

50

 

Ordinary A shares of £1 each

 

50

   

50

   

50

   

50

 
   

100

   

100

   

100

   

100

 

4

Related party transactions

The directors operate loan accounts with the company. Included within other debtors as at 31 January 2015 is £38,580 (2014 - £19,213) owed by Mr A Palmer and £38,579 (2014 - £19,213) owed by Mrs A Palmer. These loans are undated, unsecured and interest free.

 


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