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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2015 |
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FOR |
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PEARSON PUBLISHING LIMITED |
REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2015 |
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FOR |
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PEARSON PUBLISHING LIMITED |
PEARSON PUBLISHING LIMITED (REGISTERED NUMBER: 02853229) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Chartered Accountants' Report | 6 |
PEARSON PUBLISHING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST JULY 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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PEARSON PUBLISHING LIMITED (REGISTERED NUMBER: 02853229) |
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ABBREVIATED BALANCE SHEET |
31ST JULY 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
PEARSON PUBLISHING LIMITED (REGISTERED NUMBER: 02853229) |
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ABBREVIATED BALANCE SHEET - continued |
31ST JULY 2015 |
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The financial statements were approved by the Board of Directors on
by: |
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PEARSON PUBLISHING LIMITED (REGISTERED NUMBER: 02853229) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2015 |
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1. | ACCOUNTING POLICIES |
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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 April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Purchase of web address |
During the year the company purchased the web address www.nimbl.co.uk. The cost is being amortised over a |
period of five years. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Consolidation |
The company is exempt from the requirement to prepare consolidated financial statements on the grounds of its |
size. Hence the financial statements present the results and position of the company and not of its group. |
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Goodwill |
Goodwill arising on the acquisition of the business and assets of Pearson Digital Limited is being written off on a |
straight-line basis over its estimated useful economic life of four years. The directors believe this is appropriate |
given the rate of obsolescence of technical developments in the industry. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st August 2014 |
and 31st July 2015 |
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AMORTISATION |
At 1st August 2014 |
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Amortisation for year |
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At 31st July 2015 |
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NET BOOK VALUE |
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At 31st July 2015 |
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At 31st July 2014 |
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PEARSON PUBLISHING LIMITED (REGISTERED NUMBER: 02853229) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST JULY 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st August 2014 |
and 31st July 2015 |
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DEPRECIATION |
At 1st August 2014 |
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Charge for year |
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At 31st July 2015 |
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NET BOOK VALUE |
At 31st July 2015 |
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At 31st July 2014 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
At 1st August 2014 |
and 31st July 2015 | 12,002 |
NET BOOK VALUE |
At 31st July 2015 |
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At 31st July 2014 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £0.00 | 1 |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
PEARSON PUBLISHING LIMITED |
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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 two to five) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Pearson Publishing Limited for the year ended 31st July 2015 which comprise the Profit and Loss |
Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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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. |
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This report is made solely to the Board of Directors of Pearson Publishing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pearson Publishing Limited and state those matters that we have agreed to state to the Board of Directors of Pearson Publishing Limited, 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 the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Pearson Publishing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pearson Publishing Limited. You consider that Pearson Publishing Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Pearson Publishing 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 financial statements. |
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Chartered Accountants |
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Date: ............................................. |