Abbreviated Company Accounts - PSP DESIGN LIMITED

PSP DESIGN LIMITED - Company Information

07527317 PSP DESIGN LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07527317 2014-04-01 2015-03-31 07527317 2015-03-31 07527317 2014-03-31 07527317 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07527317 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07527317

PSP DESIGN LIMITED

Abbreviated Accounts

31 March 2015

PSP DESIGN LIMITED Registered Number 07527317

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,627	1,272
		2,627	1,272
Current assets
Debtors		43,221	16,945
Cash at bank and in hand		26,651	15,321
		69,872	32,266
Creditors: amounts falling due within one year		(46,130)	(24,004)
Net current assets (liabilities)		23,742	8,262
Total assets less current liabilities		26,369	9,534
Provisions for liabilities		(525)	-
Total net assets (liabilities)		25,844	9,534
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		25,744	9,434
Shareholders' funds		25,844	9,534

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.

Approved by the Board on 4 December 2015

And signed on their behalf by:
Paul Price, Director

PSP DESIGN LIMITED Registered Number 07527317

Notes to the Abbreviated Accounts for the period ended 31 March 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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,852
Additions	2,231
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	4,083
Depreciation
At 1 April 2014	580
Charge for the year	876
On disposals	-
At 31 March 2015	1,456
Net book values
At 31 March 2015	2,627
At 31 March 2014	1,272

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100