Abbreviated Company Accounts - POSITIVID IDENTITY SYSTEMS LIMITED

POSITIVID IDENTITY SYSTEMS LIMITED - Company Information

04757652 POSITIVID IDENTITY SYSTEMS LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 04757652 2013-07-01 2014-06-30 04757652 2014-06-30 04757652 2013-06-30 04757652 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 04757652 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:Director3 2013-07-01 2014-06-30 uk-gaap-cd-bus:Director3 2014-06-30 uk-gaap-cd-bus:Director3 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-06-30 iso4217:GBP shares

Registered Number 04757652

POSITIVID IDENTITY SYSTEMS LIMITED

Abbreviated Accounts

30 June 2014

POSITIVID IDENTITY SYSTEMS LIMITED Registered Number 04757652

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,775	1,832
		1,775	1,832
Current assets
Stocks		8,200	6,978
Debtors		40,576	43,640
Cash at bank and in hand		2,092	3,347
		50,868	53,965
Creditors: amounts falling due within one year		(51,992)	(55,045)
Net current assets (liabilities)		(1,124)	(1,080)
Total assets less current liabilities		651	752
Provisions for liabilities		(119)	(185)
Total net assets (liabilities)		532	567
Capital and reserves
Called up share capital	3	300	300
Profit and loss account		232	267
Shareholders' funds		532	567

For the year ending 30 June 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 14 January 2015

And signed on their behalf by:
M Attard, Director

POSITIVID IDENTITY SYSTEMS LIMITED Registered Number 04757652

Notes to the Abbreviated Accounts for the period ended 30 June 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.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures and fittings 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 July 2013	17,959
Additions	535
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	18,494
Depreciation
At 1 July 2013	16,127
Charge for the year	592
On disposals	-
At 30 June 2014	16,719
Net book values
At 30 June 2014	1,775
At 30 June 2013	1,832

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
200 Ordinary shares of £1 each	200	200
100 A Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	M and F Attard
Description of the transaction:	Loan
Balance at 1 July 2013:	£ 18,626
Advances or credits made:	£ 22,775
Advances or credits repaid:	£ 18,626
Balance at 30 June 2014:	£ 22,775