Abbreviated Company Accounts - PARAVIZION LTD

Registered Number 03171125

PARAVIZION LTD

Abbreviated Accounts

30 April 2015

PARAVIZION LTD Registered Number 03171125

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	53,901	77,346
		53,901	77,346
Current assets
Debtors		74,173	48,658
Cash at bank and in hand		124,859	160,203
		199,032	208,861
Net current assets (liabilities)		199,032	208,861
Total assets less current liabilities		252,933	286,207
Creditors: amounts falling due after more than one year		(40,669)	(126,242)
Accruals and deferred income		(6,351)	(8,896)
Total net assets (liabilities)		205,913	151,069
Capital and reserves
Called up share capital		801	801
Profit and loss account		205,112	150,268
Shareholders' funds		205,913	151,069

For the year ending 30 April 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 28 January 2016

And signed on their behalf by:
A Cavanagh, Director
L Cavanagh, Director

PARAVIZION LTD Registered Number 03171125

Notes to the Abbreviated Accounts for the period ended 30 April 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property Improvements - 16.67% straight line basis
Computers and equipment - 33.33% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 May 2014	303,672
Additions	3,792
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	307,464
Depreciation
At 1 May 2014	226,326
Charge for the year	27,237
On disposals	-
At 30 April 2015	253,563
Net book values
At 30 April 2015	53,901
At 30 April 2014	77,346