Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

PROF PAY LIMITED - Company Information

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PROF PAY LIMITED

Company Registration Number:
07559033 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

PROF PAY LIMITED

Abbreviated Balance sheet

As at 31 March 2015


Notes
2015
£
2014
£
Fixed assets
Intangible assets: 2 78,470 35,992
Tangible assets: 3 763 14,342
Total fixed assets: 79,233 50,334
Current assets
Debtors: 22,842 135,855
Cash at bank and in hand: 55,381 2,612
Total current assets: 78,223 138,467
Creditors: amounts falling due within one year: ( 211 ) ( 79,772 )
Net current assets (liabilities): 78,012 58,695
Total assets less current liabilities: 157,245 109,029
Creditors: amounts falling due after more than one year: ( 141,000 )
Total net assets (liabilities): 16,245 109,029

The notes form part of these financial statements

PROF PAY LIMITED

Balance sheet continued

As at 31 March 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 4 760,145 599,495
Profit and loss account: ( 743,900 ) ( 490,466 )
Shareholders funds: 16,245 109,029

For the year ending 31 March 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.

The financial statements were approved by the Board of Directors on 17 July 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Elkin Pianim
Status: Director

Name: Teng Acheampong
Status: Director

Name: Karim Dhanani
Status: Director

The notes form part of these financial statements

PROF PAY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    We followed the accounting principles. Accrual basis.

PROF PAY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 2. Intangible assets

    Total
    Cost £
    01 April 2014: 57,587
    Additions: 65,000
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2015: 122,587
    Amortisation
    01 April 2014: 21,595
    Provided during the period: 22,522
    On disposals: 0
    Other Adjustments: 0
    31 March 2015: 44,117
    Net book value
    31 March 2015: 78,470
    31 March 2014: 35,992

PROF PAY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 3. Tangible assets

    Total
    Cost £
    01 April 2014: 54,318
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2015: 54,318
    Depreciation
    01 April 2014: 39,976
    Charge for year: 13,579
    On disposals: 0
    Other adjustments: 0
    31 March 2015: 53,555
    Net book value
    31 March 2015: 763
    31 March 2014: 14,342

PROF PAY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1,051,745 0.57 599,495
    Preference shares: 0
    Total share capital (£): 599,495
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1,246,140 0.61 760,145
    Preference shares: 0
    Total share capital (£): 760,145