Abbreviated Company Accounts - PUBLIC SECTOR LIVE LIMITED

Abbreviated Company Accounts - PUBLIC SECTOR LIVE LIMITED

PUBLIC SECTOR LIVE LIMITED - Company Information

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Registered Number 07336036

PUBLIC SECTOR LIVE LIMITED

Abbreviated Accounts

31 August 2014

PUBLIC SECTOR LIVE LIMITED Registered Number 07336036

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 104,600 96,350
Tangible assets 3 420 1,222
Investments - -
105,020 97,572
Current assets
Stocks - -
Debtors 6,618 3,316
Investments - -
Cash at bank and in hand 4,544 3,025
11,162 6,341
Prepayments and accrued income 2,792 4,167
Creditors: amounts falling due within one year (31,476) (55,603)
Net current assets (liabilities) (17,522) (45,095)
Total assets less current liabilities 87,498 52,477
Accruals and deferred income (27,162) (13,968)
Total net assets (liabilities) 60,336 38,509
Capital and reserves
Called up share capital 4 200 200
Share premium account 99,945 99,945
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account (39,809) (61,636)
Shareholders' funds 60,336 38,509
  • 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 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 21 May 2015

And signed on their behalf by:
Jackie Shute, Director

PUBLIC SECTOR LIVE LIMITED Registered Number 07336036

Notes to the Abbreviated Accounts for the period ended 31 August 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
Turnover represents net invoiced sales of services, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - 33% on cost

Valuation information and policy
Assets will be valued at historical cost less depreciation where appropriate

2Intangible fixed assets
£
Cost
At 1 September 2013 96,350
Additions 8,250
Disposals -
Revaluations -
Transfers -
At 31 August 2014 104,600
Amortisation
At 1 September 2013 -
Charge for the year -
On disposals -
At 31 August 2014 -
Net book values
At 31 August 2014 104,600
At 31 August 2013 96,350
3Tangible fixed assets
£
Cost
At 1 September 2013 2,319
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2014 2,319
Depreciation
At 1 September 2013 1,097
Charge for the year 802
On disposals -
At 31 August 2014 1,899
Net book values
At 31 August 2014 420
At 31 August 2013 1,222
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
200 Ordinary shares of £1 each 200 200

5Transactions with directors

Name of director receiving advance or credit: Jackie Shute
Description of the transaction: Remuneration and fees chargable for services
Balance at 1 September 2013: £ 8,500
Advances or credits made: £ 13,000
Advances or credits repaid: -
Balance at 31 August 2014: £ 21,500
Name of director receiving advance or credit: Eddie Doyle
Description of the transaction: Remuneration and fees chargable for services
Balance at 1 September 2013: £ 0
Advances or credits made: £ 6,000
Advances or credits repaid: -
Balance at 31 August 2014: £ 6,000