Pillar Software Limited - Limited company - abbreviated

REGISTERED NUMBER: 02892029 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015

for

Pillar Software Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D G Penny

Mrs M Penny

SECRETARY:

Mrs M Penny

REGISTERED OFFICE:

4 Church Street

Newent

Gloucestershire

GL18 1PP

REGISTERED NUMBER:

02892029 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

14,469

12,673

Investments

4

9

55,195

14,478

67,868

CURRENT ASSETS

Debtors

42,234

73,227

Cash at bank and in hand

177,412

178,609

219,646

251,836

CREDITORS

Amounts falling due within one year

87,615

88,106

NET CURRENT ASSETS

132,031

163,730

TOTAL ASSETS LESS CURRENT
LIABILITIES

146,509

231,598

CAPITAL AND RESERVES

Called up share capital

5

12,625

10,100

Share premium

11,465

-

Profit and loss account

122,419

221,498

SHAREHOLDERS' FUNDS

146,509

231,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 July 2015 and were signed on its behalf by:

D G Penny - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill is written off over 4 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

42,000

AMORTISATION

At 1 April 2014

and 31 March 2015

42,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

138,562

Additions

15,724

Disposals

(33,345

)

At 31 March 2015

120,941

DEPRECIATION

At 1 April 2014

125,889

Charge for year

4,979

Eliminated on disposal

(24,396

)

At 31 March 2015

106,472

NET BOOK VALUE

At 31 March 2015

14,469

At 31 March 2014

12,673

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

9

NET BOOK VALUE

At 31 March 2015

9

At 31 March 2014

9

Loans

£

At 1 April 2014

55,186

Disposals

(1,031

)

Share of profit/(loss)

(54,155

)

At 31 March 2015

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

12,525

Ordinary

£1

12,525

10,000

(31.3.14 -
10,000 )

100

Ordinary A

£1

100

12,625

10,100

The following shares were issued during the year for cash at par :

2,525 Ordinary shares of £1

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D G and Mrs M Penny.

Pillar Software Limited - Limited company - abbreviated - 11.6

Pillar Software Limited - Limited company - abbreviated - 11.6