Abbreviated Company Accounts - PRECISION SOURCING LIMITED

PRECISION SOURCING LIMITED - Company Information

07984996 PRECISION SOURCING LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07984996 2014-04-01 2015-03-31 07984996 2015-03-31 07984996 2014-03-31 07984996 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07984996 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 07984996

PRECISION SOURCING LIMITED

Abbreviated Accounts

31 March 2015

PRECISION SOURCING LIMITED Registered Number 07984996

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	-	1,216
		-	1,216
Current assets
Debtors	3	9,359	187,702
Cash at bank and in hand		770	49,416
		10,129	237,118
Creditors: amounts falling due within one year		(7,735)	(199,427)
Net current assets (liabilities)		2,394	37,691
Total assets less current liabilities		2,394	38,907
Total net assets (liabilities)		2,394	38,907
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		2,391	38,904
Shareholders' funds		2,394	38,907

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 23 June 2015

And signed on their behalf by:
Hannah Ruth Coffin, Director

PRECISION SOURCING LIMITED Registered Number 07984996

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 commission sals to India at invoiced amounts less value added tax or local taxes on sales. Commission income is recognised as stock is delivered customers

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,216
Additions	-
Disposals	(1,216)
Revaluations	-
Transfers	-
At 31 March 2015	0
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	0
At 31 March 2014	1,216

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	9,359	187,702

All amounts shown under debtors fall due for payment within one year.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
3 Ordinary shares of £1 each	3	3

Allotted, Called up and fully paid