Abbreviated Company Accounts - COMPLETE PAYROLL SOLUTIONS LIMITED

Abbreviated Company Accounts - COMPLETE PAYROLL SOLUTIONS LIMITED

COMPLETE PAYROLL SOLUTIONS LIMITED - Company Information

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Registered Number 04699383

COMPLETE PAYROLL SOLUTIONS LIMITED

Abbreviated Accounts

30 June 2014

COMPLETE PAYROLL SOLUTIONS LIMITED Registered Number 04699383

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Current assets
Debtors 52,758 37,595
Cash at bank and in hand 85,538 51,161
138,296 88,756
Creditors: amounts falling due within one year (68,502) (71,087)
Net current assets (liabilities) 69,794 17,669
Total assets less current liabilities 69,794 17,669
Total net assets (liabilities) 69,794 17,669
Capital and reserves
Called up share capital 2 20 20
Profit and loss account 69,774 17,649
Shareholders' funds 69,794 17,669
  • 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 30 March 2015

And signed on their behalf by:
H J GLASSTONE, Director

COMPLETE PAYROLL SOLUTIONS LIMITED Registered Number 04699383

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
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant & Machinery - 33% straight line

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with the
following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value
adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over
into replacement assets, only to the extent that, at the balance sheet date, there is a binding
agreement to dispose of the assets concerned. However, no provision is made where, on the
basis of all available evidence at the balance sheet date, it is more likely than not that the
taxable gain will be rolled over into replacement assets and charged to tax only where the
replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in
the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.

2Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
20 Ordinary shares of £1 each 20 20