PAYCOLL PAYROLL LTD - Period Ending 2015-03-31

Registration number: 06498679

PAYCOLL PAYROLL LTD

trading as Paycoll Payroll Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

PAYCOLL PAYROLL LTD
trading as Paycoll Payroll Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

PAYCOLL PAYROLL LTD
trading as Paycoll Payroll Limited
(Registration number: 06498679)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					453			863
Current assets
Debtors					11,563			12,503
Cash at bank and in hand					53,528			46,286
					65,091			58,789
Creditors: Amounts falling due within one year					(42,925)			(42,870)
Net current assets					22,166			15,919
Net assets					22,619			16,782
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					22,519			16,682
Shareholders' funds					22,619			16,782

For the year ending 31 March 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 24 August 2015 and signed on its behalf by:

.........................................
Mr Colin Henry Lowery
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

PAYCOLL PAYROLL LTD
trading as Paycoll Payroll Limited
(Registration number: 06498679)
Abbreviated Balance Sheet at 31 March 2015
......... continued

.........................................
Mr Stephen Alan Lowery
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

PAYCOLL PAYROLL LTD
trading as Paycoll Payroll Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,
over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	in equal instalments over 5 years

Depreciation

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 equiipment	25% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

PAYCOLL PAYROLL LTD
trading as Paycoll Payroll Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2014		14,200			5,586			19,786
Additions		-			604			604
At 31 March 2015		14,200			6,190			20,390
Depreciation
At 1 April 2014		14,200			4,723			18,923
Charge for the year		-			1,014			1,014
At 31 March 2015		14,200			5,737			19,937
Net book value
At 31 March 2015		-			453			453
At 31 March 2014		-			863			863

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4