PAYAR_LIMITED - Accounts

PAYAR LIMITED - Company Information

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Company Registration No. 08819289 (England and Wales)

PAYAR LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2015

PAYAR LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PAYAR LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

300

Current assets

Debtors

15,440

Cash at bank and in hand

7,441

22,881

Creditors: amounts falling due within one year

(5,459)

Net current assets

17,422

Total assets less current liabilities

17,722

Provisions for liabilities

(60)

17,662

Capital and reserves

Called up share capital

480

Share premium account

81,878

Profit and loss account

(64,696)

Shareholders' funds

17,662

For the financial period ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 August 2015

Mr A. House

Director

Company Registration No. 08819289

PAYAR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25%

Fixed assets

Tangible assets

Cost

At 18 December 2013

Additions

400

At 31 March 2015

400

Depreciation

At 18 December 2013

Charge for the period

100

At 31 March 2015

100

Net book value

At 31 March 2015

300

PAYAR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

34,000 Ordinary A shares of 1p each

340

13,700 Ordinary B shares of 1p each

137

300 Ordinary C shares of 1p each

480

During the period 32,000 Ordinary shares of 1p each were issued at par and a further 2,000 Ordinary A Shares of 1p each were issued at £500 per share. 12,000 Ordinary B shares of 1p each were issued at £500 per share and a further 1,700 Ordinary B shares of 1p each were issued at £5 per share. 340 Ordinary C shares of 1p each were issued at £10 per share.

All Ordinary classes of shares of 1p each have equal voting rights and rank pari passu.