Abbreviated Company Accounts - PICACHO CONSULTING SERVICES LIMITED

PICACHO CONSULTING SERVICES LIMITED - Company Information

Registered Number 04601761

PICACHO CONSULTING SERVICES LIMITED

Abbreviated Accounts

31 December 2014

PICACHO CONSULTING SERVICES LIMITED Registered Number 04601761

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	-	183
		-	183
Current assets
Debtors		156,823	102,519
Cash at bank and in hand		9,034	25,808
		165,857	128,327
Creditors: amounts falling due within one year		(111,772)	(103,038)
Net current assets (liabilities)		54,085	25,289
Total assets less current liabilities		54,085	25,472
Total net assets (liabilities)		54,085	25,472
Capital and reserves
Called up share capital		100	100
Profit and loss account		53,985	25,372
Shareholders' funds		54,085	25,472

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 21 September 2015

And signed on their behalf by:
D M Hauff, Director

PICACHO CONSULTING SERVICES LIMITED Registered Number 04601761

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 is the total amount receivable by the company for goods supplied and services provided, excluding value added tax.

Tangible assets depreciation policy
Depreciation is charged on the following bases to reduce the cost of the company’s tangible fixed assets to their net realisable values over their estimated useful lives at the following rates:

Fixtures, fittings and equipment 33.33% straight line

Other accounting policies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting year end date. Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Any differences on exchange are disclosed in the profit and loss account.

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2014	11,934
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	11,934
Depreciation
At 1 January 2014	11,751
Charge for the year	183
On disposals	-
At 31 December 2014	11,934
Net book values
At 31 December 2014	0
At 31 December 2013	183