pinacle 6.0
2017.03.01
PENSION MATTERS (NORTH EAST) LIMITED
09363175
2018-01-01
2018-12-31
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PENSION MATTERS (NORTH EAST) LIMITED
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YEAR ENDED 31 DECEMBER 2018
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Company Registration Number - 09363175 |
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G R STENTON & CO |
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Accountants |
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1. |
PENSION MATTERS (NORTH EAST) LIMITED
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COMPANY NUMBER - 09363175
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Balance sheet as at
31 December 2018
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2018 |
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2017 |
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---- |
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---- |
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Notes |
£ |
£ |
£ |
£ |
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FIXED ASSETS
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Tangible assets |
4 |
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1,118
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-
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Current assets
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Debtors |
5 |
302
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302
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Cash at bank and in hand |
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408,750
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30,860
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409,052
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31,162
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Current liabilities
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Creditors - Amounts
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falling due within one year |
6 |
143,447
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33,358
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NET CURRENT ASSETS (LIABILITIES)
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265,605
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(
2,196)
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Total assets less current liabilities
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266,723
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(
2,196)
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Provisions for liabilities
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Deferred taxation |
7 |
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(224) |
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- |
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Net assets/(liabilities)
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266,499
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(
2,196)
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2. |
PENSION MATTERS (NORTH EAST) LIMITED
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COMPANY NUMBER - 09363175
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Balance sheet as at
31 December 2018
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2018 |
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2017 |
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---- |
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---- |
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Notes |
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£ |
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£ |
CAPITAL AND RESERVES
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Called up share capital |
8 |
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302
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302
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Profit and loss account |
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266,197
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(
2,498)
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Shareholders' funds
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266,499
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(
2,196)
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These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
For the financial year ended 31 December 2018, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Approved by the board of directors on
17 July 2018
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and signed on their behalf by: |
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PAUL STEEL
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The notes on pages 3 to 5 form an integral part of these accounts.
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3. |
PENSION MATTERS (NORTH EAST) LIMITED
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Notes to the Financial Statements
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For the year ended 31 December 2018
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1.
General Information
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PENSION MATTERS (NORTH EAST) LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 09363175.
The company's registered office is THE AXIS MAINGATE, TEAM VALLEY, GATESHEAD, NE11 0NQ.
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2.
Accounting policies
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Basis of accounting
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 9.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
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Tangible fixed assets and depreciation
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - NN% reducing balance
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The average number of persons employed by the company (including directors) during the year was 2 (2017 - ).
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4. |
PENSION MATTERS (NORTH EAST) LIMITED
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Notes to the Financial Statements
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For the year ended 31 December 2018
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4.
Fixed assets - tangible
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Plant and |
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Machinery |
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etc. |
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Cost or valuation
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£
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Additions |
1,316 |
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At 31 December 2018 |
1,316 |
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Depreciation
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Charge for year |
198 |
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At 31 December 2018 |
198 |
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Net book values
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At 31 December 2018 |
1,118 |
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2018 |
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2017 |
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---- |
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---- |
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£ |
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£ |
5.
Debtors
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Due within one year: |
Other debtors |
302 |
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302 |
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6.
Creditors
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Amounts falling due within one year: |
Trade creditors |
8,443
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-
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Taxation and social security |
112,757
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(
23)
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Other creditors |
22,247
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33,381
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143,447 |
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33,358 |
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7.
Deferred taxation
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Charged to profit and loss account |
224 |
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- |
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At 31 December 2018 |
224 |
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5. |
PENSION MATTERS (NORTH EAST) LIMITED
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Notes to the Financial Statements
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For the year ended 31 December 2018
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2018 |
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2017 |
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---- |
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---- |
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£ |
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£ |
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8.
Called up share capital
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There was no change in share capital during the year.
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Allotted, called up and fully paid |
shares of £1 each
Ordinary A
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302 |
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302 |
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9.
Impact of first year adoption of FRS102
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The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.