Pioneer Information Solutions Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05859654 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Pioneer Information Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Patel

REGISTERED OFFICE:

STANMORE

Middlesex

HA7 2NH

REGISTERED NUMBER:

05859654 (England and Wales)

FIXED ASSETS

Tangible assets

2

10,833

13,155

CURRENT ASSETS

Stocks

4,600

5,200

Debtors

23,261

55,460

Cash at bank

48,316

122,354

76,177

183,014

CREDITORS

Amounts falling due within one year

54,948

154,042

NET CURRENT ASSETS

21,229

28,972

TOTAL ASSETS LESS CURRENT LIABILITIES

32,062

42,127

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

31,862

41,927

SHAREHOLDERS' FUNDS

32,062

42,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 March 2015 and were signed by:

D Patel - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of Freehold property and in accordance with the Financial Reporting Standard for Smaller Entities (effective

April 2008).

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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

38,368

Additions

388

At 30 June 2014

38,756

DEPRECIATION

At 1 July 2013

25,213

Charge for year

2,710

At 30 June 2014

27,923

NET BOOK VALUE

At 30 June 2014

10,833

At 30 June 2013

13,155

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

200

Share capital 1

1

200

200