Picfair Limited - Limited company - abbreviated

REGISTERED NUMBER: 08474521 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 April 2015

for

Picfair Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B Lanyado

D S Bower

G W Jones

SECRETARY:

REGISTERED OFFICE:

28 Church Road

Stanmore

Middlesex

HA7 4XR

REGISTERED NUMBER:

08474521 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

28 Church Road

Stanmore

Middlesex

HA7 4XR

FIXED ASSETS

Tangible assets

2

2,065

-

CURRENT ASSETS

Debtors

13,466

1

Cash at bank

94,268

-

107,734

1

CREDITORS

Amounts falling due within one year

(14,865

)

-

NET CURRENT ASSETS

92,869

1

TOTAL ASSETS LESS CURRENT
LIABILITIES

94,934

1

CAPITAL AND RESERVES

Called up share capital

3

1

Share premium

309,999

-

Profit and loss account

(215,066

)

-

SHAREHOLDERS' FUNDS

94,934

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 13 January 2016 and were signed on its
behalf by:

B Lanyado - 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.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,065

At 30 April 2015

2,065

NET BOOK VALUE

At 30 April 2015

2,065

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000,000

Ordinary

£0.000001

1

231,885

Series 1 Seed

£0.000001

-

217,389

Series 2 Seed

£0.000001

-

1

The following fully paid shares were allotted during the year at a premium as shown below:

231,885 Series 1 Seed shares of £0.000001 each at 69p per share

217,389 Series 2 Seed shares of £0.000001 each at 69p per share

Picfair Limited - Limited company - abbreviated - 11.9

Picfair Limited - Limited company - abbreviated - 11.9