Phase Software Limited - Period Ending 2014-08-31

Registration number: 01808302

Phase Software Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

Barrys Accountants Limited
Chartered Certified Accountants
Barley View House
1 Barley View
Prestwood
Buckinghamshire
HP16 9BW

Phase Software Limited
Contents

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

Phase Software Limited
Company Information

Director

Mr A S Park

Company secretary

Mrs A V Park

Registered office

Barley View House 1 Barley View Prestwood Buckinghamshire HP16 9BW

Accountants

Barrys Accountants Limited Chartered Certified Accountants Barley View House 1 Barley View Prestwood Buckinghamshire HP16 9BW

Phase Software Limited
(Registration number: 01808302)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					596			947
Current assets
Debtors					8,445			7,491
Cash at bank and in hand					32,960			22,148
					41,405			29,639
Creditors: Amounts falling due within one year					(15,675)			(12,966)
Net current assets					25,730			16,673
Net assets					26,326			17,620
Capital and reserves
Called up share capital		3			4,000			4,000
Profit and loss account					22,326			13,620
Shareholders' funds					26,326			17,620

For the year ending 31 August 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 director acknowledges his 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 director on 18 May 2015

.........................................
Mr A S Park
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Phase Software Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost

Deferred tax

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

Hire purchase and leasing

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

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2013		12,799			12,799
At 31 August 2014		12,799			12,799
Depreciation
At 1 September 2013		11,852			11,852
Charge for the year		351			351
At 31 August 2014		12,203			12,203
Net book value
At 31 August 2014		596			596
At 31 August 2013		947			947

Page 3

Phase Software Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary A of £1 each		4,000			4,000			4,000			4,000
Ordinary B of £1 each		1,000			1,000			1,000			1,000
		5,000			5,000			5,000			5,000

Page 4