PEAR_TECHNOLOGY_SERVICES_ - Accounts

PEAR TECHNOLOGY SERVICES LIMITED - Company Information

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Company Registration No. 03013412 (England and Wales)

PEAR TECHNOLOGY SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

PEAR TECHNOLOGY SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PEAR TECHNOLOGY SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

164,751

150,538

Tangible assets

12,419

8,004

177,170

158,542

Current assets

Stocks

29,100

28,600

Debtors

90,798

97,223

Cash at bank and in hand

109,062

107,332

228,960

233,155

Creditors: amounts falling due within one year

(84,998)

(99,106)

Net current assets

143,962

134,049

Total assets less current liabilities

321,132

292,591

Creditors: amounts falling due after more than one year

(91)

321,132

292,500

Capital and reserves

Called up share capital

1,550

1,430

Share premium account

46,100

31,820

Other reserves

600

Profit and loss account

272,882

258,650

Shareholders' funds

321,132

292,500

PEAR TECHNOLOGY SERVICES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 December 2015

John Cowling

Director

Company Registration No. 03013412

PEAR TECHNOLOGY SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Intellectual property rights

Intellectual property rights are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.6

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

PEAR TECHNOLOGY SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

483,176

17,264

500,440

Additions

70,749

7,909

78,658

At 31 March 2015

553,925

25,173

579,098

Depreciation

At 1 April 2014

332,638

9,260

341,898

Charge for the year

56,536

3,494

60,030

At 31 March 2015

389,174

12,754

401,928

Net book value

At 31 March 2015

164,751

12,419

177,170

At 31 March 2014

150,538

8,004

158,542

Share capital

2015

2014

Allotted, called up and fully paid

1,550 Ordinary shares of £1 each

1,550

1,430

During the year 120 Ordinary Shares of £1 each were allotted and fully paid at £120 each for cash consideration under an Enterprise Management Initiative.