Registered number
06723062
Prudential Solution Services Limited
Abbreviated Accounts
31 October 2015
Prudential Solution Services Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Prudential Solution Services Limited for the year ended 31 October 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Prudential Solution Services Limited for the year ended 31 October 2015 which comprise of the balance sheet and the related notes 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
BAY Accountants Ltd
Chartered Accountants & Tax Advisers
Soho House
362 - 364 Soho Road
Birmingham
B21 9QL
11 July 2016
Prudential Solution Services Limited
Registered number: 06723062
Abbreviated Balance Sheet
as at 31 October 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 15,125 14,541
Current assets
Debtors 2,288 1,677
Cash at bank and in hand 12,814 25,002
15,102 26,679
Creditors: amounts falling due within one year (37,378) (43,370)
Net current liabilities (22,276) (16,691)
Total assets less current liabilities (7,151) (2,150)
Creditors: amounts falling due after more than one year - (3,194)
Net liabilities (7,151) (5,344)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (7,251) (5,444)
Shareholders' funds (7,151) (5,344)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Sajid Zaman
Director
Approved by the board on 11 July 2016
Prudential Solution Services Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2015
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
2 Tangible fixed assets £
Cost
At 1 November 2014 46,765
Additions 5,315
Disposals (1,000)
At 31 October 2015 51,080
Depreciation
At 1 November 2014 32,224
Charge for the year 3,981
On disposals (250)
At 31 October 2015 35,955
Net book value
At 31 October 2015 15,125
At 31 October 2014 14,541
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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