Abbreviated Company Accounts - PASSFIELD DATA SYSTEMS LIMITED

Abbreviated Company Accounts - PASSFIELD DATA SYSTEMS LIMITED

PASSFIELD DATA SYSTEMS LIMITED - Company Information

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Registered Number 03130617

PASSFIELD DATA SYSTEMS LIMITED

Abbreviated Accounts

31 December 2014

PASSFIELD DATA SYSTEMS LIMITED Registered Number 03130617

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 17,165 18,068
Tangible assets 3 2,027 2,094
19,192 20,162
Current assets
Debtors 53,336 33,850
Cash at bank and in hand 56,220 12,067
109,556 45,917
Creditors: amounts falling due within one year (38,721) (38,092)
Net current assets (liabilities) 70,835 7,825
Total assets less current liabilities 90,027 27,987
Total net assets (liabilities) 90,027 27,987
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 89,027 26,987
Shareholders' funds 90,027 27,987
  • For the year ending 31 December 2014 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 17 September 2015

And signed on their behalf by:
MA Vellacott, Director

PASSFIELD DATA SYSTEMS LIMITED Registered Number 03130617

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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 comprises the invoiced value of goods and services supplied by the company.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets,
less their estimated residual value, over their expected useful lives on the following bases:

Office Equipment - 25% Reducing Balance
Purchased Goodwill - 5% Straight Line

Intangible assets amortisation policy
Intangible fixed assets are stated at cost or valuation less amortisation.

Amortisation is provided at rates calculated to write off the cost or valuation over expected useful life.

2Intangible fixed assets
£
Cost
At 1 January 2014 39,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 39,000
Amortisation
At 1 January 2014 20,932
Charge for the year 903
On disposals -
At 31 December 2014 21,835
Net book values
At 31 December 2014 17,165
At 31 December 2013 18,068
3Tangible fixed assets
£
Cost
At 1 January 2014 13,037
Additions 609
Disposals -
Revaluations -
Transfers -
At 31 December 2014 13,646
Depreciation
At 1 January 2014 10,943
Charge for the year 676
On disposals -
At 31 December 2014 11,619
Net book values
At 31 December 2014 2,027
At 31 December 2013 2,094