Photonscience Limited - Limited company - abbreviated

REGISTERED NUMBER: 04858196 (England and Wales)

PHOTONSCIENCE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr R C Goodfellow

Mrs J A Goodfellow

SECRETARY:

Mrs J A Goodfellow

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

04858196 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Tangible assets

2

2,239

1,937

CURRENT ASSETS

Debtors

19,959

10,644

Cash at bank

3,622

15,367

23,581

26,011

CREDITORS

Amounts falling due within one year

6,207

7,155

NET CURRENT ASSETS

17,374

18,856

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,613

20,793

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

19,610

20,790

SHAREHOLDERS' FUNDS

19,613

20,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 November 2015 and were signed on its behalf
by:

Dr R C Goodfellow - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more tax, with the following exceptions: Deferred tax assets are recognised only

to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits

from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which the timing differences reverse, based on tax rates and laws

enacted or substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

5,814

Additions

699

At 31 March 2015

6,513

DEPRECIATION

At 1 April 2014

3,877

Charge for year

397

At 31 March 2015

4,274

NET BOOK VALUE

At 31 March 2015

2,239

At 31 March 2014

1,937

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

1

Preference

£1

1

3

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year £1,200 (2014 - £1,200) was paid to the directors for reimbursement of expenses in respect of

using their residential premises as an office during the year.

Dividends totalling £20,000 (2014 - £20,000) were paid to Mrs Goodfellow during the year

At the balance sheet date the directors owed the company £19,177 (2014 : £2,439). There was no interest

charged on the balance and there are no fixed repayment terms.

Photonscience Limited - Limited company - abbreviated - 11.9

Photonscience Limited - Limited company - abbreviated - 11.9