Paycircle Limited Filleted accounts for Companies House (small and micro)
Paycircle Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
11356087
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Abridged Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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--------- |
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Current assets
Debtors |
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Cash at bank and in hand |
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------------ |
--------- |
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Creditors: amounts falling due within one year |
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------------ |
--------- |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Net assets |
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Capital and reserves
Called up share capital |
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Share premium account |
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Profit and loss account |
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(
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
15 September 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
11356087
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Notes to the Abridged Financial Statements |
Year ended 31 May 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The White Building, 33 Kings Road, Reading, Berkshire, RG1 3AR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Intangible assets |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
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Impairment of fixed assets
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
20
(2020:
16
).
5.
Intangible assets
£ |
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Cost |
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At 1 June 2020 |
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Additions |
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At 31 May 2021 |
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Amortisation |
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At 1 June 2020 |
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Charge for the year |
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------------ |
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At 31 May 2021 |
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Carrying amount |
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At 31 May 2021 |
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------------ |
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At 31 May 2020 |
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6.
Tangible assets
£ |
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Cost |
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At 1 June 2020 |
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Additions |
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------- |
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At 31 May 2021 |
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------- |
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Depreciation |
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At 1 June 2020 |
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Charge for the year |
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------- |
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At 31 May 2021 |
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------- |
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Carrying amount |
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At 31 May 2021 |
4,106 |
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At 31 May 2020 |
2,446 |
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