Abbreviated Company Accounts - PAYMENTCARE LIMITED

PAYMENTCARE LIMITED - Company Information

Registered Number 04506441

PAYMENTCARE LIMITED

Abbreviated Accounts

28 February 2015

PAYMENTCARE LIMITED Registered Number 04506441

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	21,537	4,084
		21,537	4,084
Current assets
Debtors		96,713	111,356
Cash at bank and in hand		196,484	287,640
		293,197	398,996
Creditors: amounts falling due within one year		(46,969)	(305,507)
Net current assets (liabilities)		246,228	93,489
Total assets less current liabilities		267,765	97,573
Total net assets (liabilities)		267,765	97,573
Capital and reserves
Called up share capital		100	100
Profit and loss account		267,665	97,473
Shareholders' funds		267,765	97,573

For the year ending 28 February 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 14 October 2015

And signed on their behalf by:
S B Craig, Director

PAYMENTCARE LIMITED Registered Number 04506441

Notes to the Abbreviated Accounts for the period ended 28 February 2015

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value added tax

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset , less its estimated residual value,
over the useful economic life of that asset as follows :

Equipment - 33% on a straight line basis

2Tangible fixed assets

	£
Cost
At 1 March 2014	21,953
Additions	19,316
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	41,269
Depreciation
At 1 March 2014	17,869
Charge for the year	1,863
On disposals	-
At 28 February 2015	19,732
Net book values
At 28 February 2015	21,537
At 28 February 2014	4,084