REGISTERED NUMBER: 02580744 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

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

Sutton Coldfield Branch

31 - 33 Birmingham Road

Sutton Coldfield

West Midlands

B72 1QE

FIXED ASSETS

Tangible assets

2

4,711

13,336

CURRENT ASSETS

Debtors

101,899

121,021

Cash at bank and in hand

14,499

58,365

116,398

179,386

CREDITORS

Amounts falling due within one year

21,078

43,308

NET CURRENT ASSETS

95,320

136,078

TOTAL ASSETS LESS CURRENT LIABILITIES

100,031

149,414

PROVISIONS FOR LIABILITIES

950

2,700

NET ASSETS

99,081

146,714

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

98,081

145,714

SHAREHOLDERS' FUNDS

99,081

146,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 23 June 2016 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 January 2015).

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 2015

55,662

Additions

1,631

Disposals

(19,491

)

At 31 December 2015

37,802

DEPRECIATION

At 1 January 2015

42,326

Charge for year

2,176

Eliminated on disposal

(11,411

)

At 31 December 2015

33,091

NET BOOK VALUE

At 31 December 2015

4,711

At 31 December 2014

13,336

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £70,755 (2014 - £92,745) due from P S and Mrs B A Roberts. The maximum

amount outstanding during the year was £145,850 (2014 - £92,745) and interest of £3,210 (2014 - £2,097) has

been paid on the amounts due. Interest has been calculated using the applicable official beneficial loan interest

rate and there are no fixed repayment terms.