Process Design Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05830387

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

Process Design Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Finch

REGISTERED OFFICE:

20 Bracken Avenue

London

SW12 8BH

REGISTERED NUMBER:

05830387

ACCOUNTANTS:

SJD Accountancy

12th Floor

30 Crown Place

London

EC2A 2AL

FIXED ASSETS

Tangible assets

2

86

115

CURRENT ASSETS

Debtors

18,970

19,679

Cash at bank

388,551

290,107

407,521

309,786

CREDITORS

Amounts falling due within one year

36,130

38,943

NET CURRENT ASSETS

371,391

270,843

TOTAL ASSETS LESS CURRENT LIABILITIES

371,477

270,958

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

371,475

270,956

SHAREHOLDERS' FUNDS

371,477

270,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 February 2015 and were signed by:

M Finch - 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 net invoiced sales 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 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 June 2013

and 31 May 2014

798

DEPRECIATION

At 1 June 2013

683

Charge for year

29

At 31 May 2014

712

NET BOOK VALUE

At 31 May 2014

86

At 31 May 2013

115

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

2

Ordinary

1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES