Abbreviated Company Accounts - PIVOTAL AUDIO LTD

Registered Number 07618696

PIVOTAL AUDIO LTD

Abbreviated Accounts

31 May 2015

PIVOTAL AUDIO LTD Registered Number 07618696

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	485	159
		485	159
Current assets
Debtors		4,680	8,214
Cash at bank and in hand		1,466	644
		6,146	8,858
Net current assets (liabilities)		6,146	8,858
Total assets less current liabilities		6,631	9,017
Creditors: amounts falling due after more than one year		(6,415)	(14,528)
Total net assets (liabilities)		216	(5,511)
Capital and reserves
Called up share capital		1	1
Profit and loss account		215	(5,512)
Shareholders' funds		216	(5,511)

For the year ending 31 May 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 3 December 2015

And signed on their behalf by:
Mr M K Owen, Director

PIVOTAL AUDIO LTD Registered Number 07618696

Notes to the Abbreviated Accounts for the period ended 31 May 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
Turnover represents the value net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Plant and Machinery 15% reducing balance basis
Motor vehicles 25% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 June 2014	259
Additions	411
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	670
Depreciation
At 1 June 2014	100
Charge for the year	85
On disposals	-
At 31 May 2015	185
Net book values
At 31 May 2015	485
At 31 May 2014	159