Abbreviated Company Accounts - PICTS FORGE LIMITED

PICTS FORGE LIMITED - Company Information

08684459 PICTS FORGE LIMITED 2014-09-30 false 2013-09-10 2014-09-30 true 08684459 2013-09-10 2014-09-30 08684459 2014-09-30 08684459 uk-gaap-cd-bus:Director1 2013-09-10 2014-09-30 08684459 uk-gaap-cd-bus:Director2 2013-09-10 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-10 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 08684459

PICTS FORGE LIMITED

Abbreviated Accounts

30 September 2014

PICTS FORGE LIMITED Registered Number 08684459

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	8,000
Tangible assets	3	16,555
		24,555
Current assets
Cash at bank and in hand		15,428
		15,428
Creditors: amounts falling due within one year		(23,533)
Net current assets (liabilities)		(8,105)
Total assets less current liabilities		16,450
Creditors: amounts falling due after more than one year		(11,761)
Total net assets (liabilities)		4,689
Capital and reserves
Called up share capital	4	100
Profit and loss account		4,589
Shareholders' funds		4,689

For the year ending 30 September 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 13 January 2015

And signed on their behalf by:
Scott Topham, Director

PICTS FORGE LIMITED Registered Number 08684459

Notes to the Abbreviated Accounts for the period ended 30 September 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

2Intangible fixed assets

	£
Cost
Additions	10,000
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	10,000
Amortisation
Charge for the year	2,000
On disposals	-
At 30 September 2014	2,000
Net book values
At 30 September 2014	8,000

3Tangible fixed assets

	£
Cost
Additions	22,073
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	22,073
Depreciation
Charge for the year	5,518
On disposals	-
At 30 September 2014	5,518
Net book values
At 30 September 2014	16,555

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
100 Ordinary shares of £1 each	100

During the year 100 ordinary shares were issued at par.