REGISTERED NUMBER: 02580744 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2012

FOR

PHIL ROBERTS & CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P S Roberts

Mrs B A Roberts

SECRETARY:

Mrs B A Roberts

REGISTERED OFFICE:

38 Market Street

Tamworth

Staffordshire

B79 7LR

REGISTERED NUMBER:

02580744 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

BANKERS:

Royal Bank of Scotland plc

31-33 Birmingham Road

Sutton Coldfield

West Midlands

B79 7LR

FIXED ASSETS

Tangible assets

2

21,044

13,230

CURRENT ASSETS

Debtors

97,776

89,889

Cash at bank and in hand

33,571

18,661

131,347

108,550

CREDITORS

Amounts falling due within one year

36,060

24,852

NET CURRENT ASSETS

95,287

83,698

TOTAL ASSETS LESS CURRENT LIABILITIES

116,331

96,928

PROVISIONS FOR LIABILITIES

4,200

2,600

NET ASSETS

112,131

94,328

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

111,131

93,328

SHAREHOLDERS' FUNDS

112,131

94,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 August 2013 and were signed on its behalf by:

P S Roberts - Director

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 April 2008).

Turnover

Turnover represents commission and fees derived from the provision of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost and 15% reducing balance

Motor vehicles

-

25% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2012

48,751

Additions

18,204

Disposals

(11,600

)

At 31 December 2012

55,355

DEPRECIATION

At 1 January 2012

35,521

Charge for year

4,681

Eliminated on disposal

(5,891

)

At 31 December 2012

34,311

NET BOOK VALUE

At 31 December 2012

21,044

At 31 December 2011

13,230

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2012

2011

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	TRANSACTIONS WITH DIRECTORS

Included in other debtors is £46,829 (2011 - £38,171) due from P S Roberts. The maximum amount outstanding

during the year was £58,046 (2011 - £38,171) and interest of £1,940 (2011 - £717) has been paid on the amounts

due. Interest has been calculated using the applicable beneficial loan interest rate of 4.00 %.