Psych-Logic Consulting Limited - Abbreviated accounts

PSYCH-LOGIC CONSULTING LTD - Company Information

Registered number

08317275

Psych-Logic Consulting Limited

Abbreviated Accounts

31 December 2014

Psych-Logic Consulting Limited
Registered number:		08317275
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Intangible assets	2		6,000			8,000
Tangible assets	3		1,978			406
			7,978			8,406

Current assets
Debtors		62,308			53,366
Cash at bank and in hand		7,001			6,665
		69,309			60,031

Creditors: amounts falling due within one year		(64,683)			(60,774)

Net current assets/(liabilities)			4,626			(743)

Total assets less current liabilities			12,604			7,663


Provisions for liabilities			(396)			(81)


Net assets			12,208			7,582

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			12,108			7,482

Shareholder's funds			12,208			7,582

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Miss N.C. Hampton
Director
Approved by the board on 23 April 2015

Psych-Logic Consulting Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2	Intangible fixed assets					£

	Cost
	At 1 January 2014					10,000
	At 31 December 2014					10,000

	Amortisation
	At 1 January 2014					2,000
	Provided during the year					2,000
	At 31 December 2014					4,000

	Net book value
	At 31 December 2014					6,000
	At 31 December 2013					8,000


3	Tangible fixed assets					£

	Cost
	At 1 January 2014					542
	Additions					2,276
	At 31 December 2014					2,818

	Depreciation
	At 1 January 2014					136
	Charge for the year					704
	At 31 December 2014					840

	Net book value
	At 31 December 2014					1,978
	At 31 December 2013					406


4	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100		100


5	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Miss N.C. Hampton
	Director's Account	(41,275)		(1,708)		-		(42,983)

		(41,275)		(1,708)		-		(42,983)