Pi People Limited - Limited company - abbreviated

REGISTERED NUMBER: 09030188 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 8 May 2014 to 31 May 2015

for

Pi People Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T A P Derrett

SECRETARY:

REGISTERED OFFICE:

10 Hudnalls View

Llandogo

Monmouth

Monmouthshire

NP25 4TR

REGISTERED NUMBER:

09030188 (England and Wales)

ACCOUNTANTS:

TMT Accounting Limited

Hollywood Mansion

Hollywood Lane

Bristol

BS10 7TW

FIXED ASSETS

Intangible assets

2

9,451

Tangible assets

3

861

Investments

4

62,500

72,812

CURRENT ASSETS

Debtors

1,069

Cash at bank

17,781

18,850

CREDITORS

Amounts falling due within one year

60,555

NET CURRENT LIABILITIES

(41,705

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,107

RESERVES

Profit and loss account

31,107

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

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

The director acknowledges his 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 director on 26 February 2016 and were signed by:

T A P Derrett - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

11,594

At 31 May 2015

11,594

AMORTISATION

Amortisation for period

2,143

At 31 May 2015

2,143

NET BOOK VALUE

At 31 May 2015

9,451

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

963

At 31 May 2015

963

DEPRECIATION

Charge for period

102

At 31 May 2015

102

NET BOOK VALUE

At 31 May 2015

861

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

62,500

At 31 May 2015

62,500

NET BOOK VALUE

At 31 May 2015

62,500

Pi People Limited - Limited company - abbreviated - 11.9

Pi People Limited - Limited company - abbreviated - 11.9