Abbreviated Company Accounts - PROCYON INSTRUMENTS LIMITED

Abbreviated Company Accounts - PROCYON INSTRUMENTS LIMITED

PROCYON INSTRUMENTS LIMITED - Company Information

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Registered Number 03039660

PROCYON INSTRUMENTS LIMITED

Abbreviated Accounts

30 April 2014

PROCYON INSTRUMENTS LIMITED Registered Number 03039660

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 43,412 49,504
43,412 49,504
Current assets
Debtors 2,734 2,611
Cash at bank and in hand 372 -
3,106 2,611
Creditors: amounts falling due within one year (312,031) (289,284)
Net current assets (liabilities) (308,925) (286,673)
Total assets less current liabilities (265,513) (237,169)
Total net assets (liabilities) (265,513) (237,169)
Capital and reserves
Called up share capital 2,725 2,725
Share premium account 2,015,929 2,015,929
Revaluation reserve 71,410 71,410
Profit and loss account (2,355,577) (2,327,233)
Shareholders' funds (265,513) (237,169)
  • For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 January 2015

And signed on their behalf by:
Mr C Bell, Director

PROCYON INSTRUMENTS LIMITED Registered Number 03039660

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
The financial statements have been prepared on a going concern basis on the assumption that shareholders will continue to support the company for the foreseeable future

2Intangible fixed assets
£
Cost
At 1 May 2013 125,265
Additions 0
Disposals 0
Revaluations -
Transfers -
At 30 April 2014 125,265
Amortisation
At 1 May 2013 75,761
Charge for the year 6,092
On disposals -
At 30 April 2014 81,853
Net book values
At 30 April 2014 43,412
At 30 April 2013 49,504