Abbreviated Company Accounts - POSCODE LTD

Abbreviated Company Accounts - POSCODE LTD

POSCODE LTD - Company Information

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Registered Number 06013475

POSCODE LTD

Abbreviated Accounts

31 December 2013

POSCODE LTD Registered Number 06013475

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 17,664 34,375
17,664 34,375
Current assets
Stocks 129,059 83,308
Debtors 1,198,622 952,173
Cash at bank and in hand 84,861 53,473
1,412,542 1,088,954
Creditors: amounts falling due within one year (1,418,709) (736,501)
Net current assets (liabilities) (6,167) 352,453
Total assets less current liabilities 11,497 386,828
Total net assets (liabilities) 11,497 386,828
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,397 386,728
Shareholders' funds 11,497 386,828
  • For the year ending 31 December 2013 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 29 April 2014

And signed on their behalf by:
S SMILES, Director

POSCODE LTD Registered Number 06013475

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 represents sales to customers at invoiced amounts less value added tax.

Tangible assets depreciation policy
Leasehold improvements 5 years straight line
Furniture and fixture 4 years straight line
Office equipment 3 years straight line

2Tangible fixed assets
£
Cost
At 1 January 2013 64,387
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 64,387
Depreciation
At 1 January 2013 30,012
Charge for the year 16,711
On disposals -
At 31 December 2013 46,723
Net book values
At 31 December 2013 17,664
At 31 December 2012 34,375