Abbreviated Company Accounts - PSDCLIP LTD

Abbreviated Company Accounts - PSDCLIP LTD


Registered Number 08572401

PSDCLIP LTD

Abbreviated Accounts

30 June 2015

PSDCLIP LTD Registered Number 08572401

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,402 826
1,402 826
Current assets
Debtors 23,426 15,000
Cash at bank and in hand 7,750 14,731
31,176 29,731
Creditors: amounts falling due within one year (21,455) (30,088)
Net current assets (liabilities) 9,721 (357)
Total assets less current liabilities 11,123 469
Provisions for liabilities (165) (165)
Total net assets (liabilities) 10,958 304
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 10,957 303
Shareholders' funds 10,958 304
  • For the year ending 30 June 2015 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 31 July 2015

And signed on their behalf by:
Richard Fawcett, Director

PSDCLIP LTD Registered Number 08572401

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to
customers.

Tangible assets depreciation policy
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
Office equipment 33% straight line

2Tangible fixed assets
£
Cost
At 1 July 2014 1,180
Additions 1,993
Disposals (540)
Revaluations -
Transfers -
At 30 June 2015 2,633
Depreciation
At 1 July 2014 354
Charge for the year 1,057
On disposals (180)
At 30 June 2015 1,231
Net book values
At 30 June 2015 1,402
At 30 June 2014 826
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 Ordinary shares of £1 each 1 1