Publisher Solutions International Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08316651 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 3 DECEMBER 2012 TO 31 MARCH 2014

FOR

PUBLISHER SOLUTIONS INTERNATIONAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A M Pitts

REGISTERED OFFICE:

Jamesons House

Compton Way

Witney

Oxfordshire

OX28 3AB

REGISTERED NUMBER:

08316651 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

Oxfordshire

OX28 3AB

FIXED ASSETS

Tangible assets

2

16,356

CURRENT ASSETS

Debtors

5,094

Cash at bank

9,947

15,041

CREDITORS

Amounts falling due within one year

50,627

NET CURRENT LIABILITIES

(35,586

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,230

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(19,231

)

SHAREHOLDERS' FUNDS

(19,230

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 September 2014 and were signed by:

A M Pitts - Director

1.	ACCOUNTING POLICIES

Going concern

The financial statements have been prepared on a going concern basis even though the company has net current liabilities at

31st March 2014 of £35,586.

The validity of the going concern principle is dependent upon the company beginning to trade at a profit and the continued

support of the director. Included in creditors is an amount due to Mr A Pitts of £40,726. This amount is interest free and

there are no fixed terms of repayment. Mr A Pitts has undertaken not to draw on this amount if it were to affect the

company's ability to continue as a going concern.

If the company was unable to continue trading adjustments would have to be made to reduce the balance sheet values of

assets to their recoverable amounts, provide for further liabilities that might arise and to reclassify fixed assets and long

term liabilities as current assets and liabilities.

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

18,796

At 31 March 2014

18,796

DEPRECIATION

Charge for period

2,440

At 31 March 2014

2,440

NET BOOK VALUE

At 31 March 2014

16,356

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1