Pay Data Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03632206 (England and Wales)

PAY DATA LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

P A Hajduk

T G A Kellett

SECRETARY:

P A Hajduk

REGISTERED OFFICE:

20 Commerce Road

Lynch Wood

Peterborough

Cambridgeshire

PE2 6LR

REGISTERED NUMBER:

03632206 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

2

7,360

7,382

CURRENT ASSETS

Debtors

134,642

123,917

Cash at bank

224,955

223,799

359,597

347,716

CREDITORS

Amounts falling due within one year

135,751

163,414

NET CURRENT ASSETS

223,846

184,302

TOTAL ASSETS LESS CURRENT LIABILITIES

231,206

191,684

CREDITORS

Amounts falling due after more than one year

(52,674

)

(52,946

)

PROVISIONS FOR LIABILITIES

(1,329

)

(1,261

)

NET ASSETS

177,203

137,477

CAPITAL AND RESERVES

Called up share capital

3

191

191

Capital redemption reserve

500

500

Own shares reserve

405

405

Profit and loss account

176,107

136,381

SHAREHOLDERS' FUNDS

177,203

137,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 19 December 2014 and were signed on its behalf by:

P A Hajduk - 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

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is

recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its

performance under these contracts. It is measured at the fair value of the right to consideration, which represents

amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial

performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to

consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and

payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the

asset less estimated residual value of each asset over its useful life, as follows:

Fixtures, fittings and equipment - 33% straight line (after 5% as the salvage value)

Deferred tax

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

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are

charged to the profit and loss account in the year they are payable.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

30,872

Additions

7,000

Disposals

(2,522

)

At 31 August 2014

35,350

DEPRECIATION

At 1 September 2013

23,490

Charge for year

6,896

Eliminated on disposal

(2,396

)

At 31 August 2014

27,990

NET BOOK VALUE

At 31 August 2014

7,360

At 31 August 2013

7,382

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

190

Ordinary

50p

95

95

155

A Ordinary

50p

78

78

35

B Ordinary

50p

18

18

191

191

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2014 and 31 August 2013:

2014

2013

£

£

T G A Kellett

Balance outstanding at start of year

1,620

1,433

Amounts advanced

1,818

1,762

Amounts repaid

(1,762

)

(1,575

)

Balance outstanding at end of year

1,676

1,620

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Pay Data Limited for the year ended 31 August 2014 which comprise the Profit and Loss Account, the Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical

and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Pay Data Limited, as a body, in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of Pay Data Limited and state those

matters that we have agreed to state to the Board of Directors of Pay Data Limited, as a body, in this report in accordance with

AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility

to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pay Data Limited has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and profit of Pay Data Limited. You consider

that Pay Data Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pay Data Limited. For this reason, we

have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us

and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

19 December 2014