REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
FOR |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED |
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
FOR |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED (REGISTERED NUMBER: 09024543) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED (REGISTERED NUMBER: 09024543) |
ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED (REGISTERED NUMBER: 09024543) |
ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2015 |
The financial statements were approved by the Board of Directors on its behalf by: |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED (REGISTERED NUMBER: 09024543) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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). |
Preparation of consolidated financial statements |
The financial statements contain information about Professional Construction Strategies Group Limited |
as an individual company and do not contain consolidated financial information as the parent of a |
group. The company has taken the option under Section 398 of the Companies Act 2006 not to |
prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 |
Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries |
within the group. |
Turnover |
Turnover represents revenue earned for services rendered, excluding value added tax. Revenue is |
recognised as earned when, and to the extent that, a right to consideration arises in exchange for the |
performance of obligations in respect of services rendered. It is measured at the fair value of the right |
to consideration, which represents the amount billable to clients. Revenue not billed to clients is |
included in debtors. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Deferred tax |
Deferred taxation is provided on the liability method to take account of timing differences between the |
treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or |
accelerated is accounted for in respect of all material timing differences. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which they |
relate. |
Investments |
Fixed asset investments are stated at cost less provision for diminution in value. |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED (REGISTERED NUMBER: 09024543) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
At 31 December 2015 |
DEPRECIATION |
Charge for year |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 | 840,440 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary shares | 100.00 |
£ | £ |
Aggregate capital and reserves | 357,206 | 353,449 |
Profit for the year/period | 3,757 | 450,400 |
Nature of business: |
% |
Class of shares: | holding |
Ordinary shares | 100.00 |
£ | £ |
Aggregate capital and reserves | 202,340 | 107,546 |
Profit for the year/period | 94,794 | 190,064 |
PROFESSIONAL CONSTRUCTION STRATEGIES |
GROUP LIMITED (REGISTERED NUMBER: 09024543) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
3. | FIXED ASSET INVESTMENTS - continued |
Nature of business: |
% |
Class of shares: | holding |
Ordinary shares | 100.00 |
£ | £ |
Aggregate capital and reserves | 29,253 | 28,391 |
Profit for the year/period | 862 | 49,487 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary Shares | 0.000 | 1 |
'A' Ordinary shares | 0.000 | 1 |
'B' Ordinary shares | 0.000 | 1 |
120 | 120 |
During the year 1,200,000 allotted and issued ordinary shares of £0.0001 each were converted to |
900,000 'A' and 300,000 'B' ordinary shared of £0.0001 each, respectively. |
5. | TRANSACTIONS WITH DIRECTORS |
Included in other creditors over one year are amounts due to the directors as follows: |
Mrs K S & Mr M D Bew - £250,000 (2014: £Nil) |
Mr S J Cunnington - £35,000 (2014: £Nil) |
Dr R S Tomson - £30,000 (2014: £Nil) |
The loans are unsecured, interest free and have no fixed terms of repayment. |