ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

PELLCOMP SOFTWARE LIMITED - Company Information

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01970712 2014-08-01 false true 2015-07-312015-07-31 01970712 2014-08-01 2015-07-31 01970712 2015-07-31 01970712 2014-07-31 01970712 c:OrdinaryShareClass1 2015-07-31 01970712 c:OrdinaryShareClass1 2014-07-31 01970712 c:OrdinaryShareClass1 2014-08-01 2015-07-31 01970712 c:Director2 2014-08-01 2015-07-31 01970712 c:EntityAccountantsOrAuditors 2015-07-31 01970712 d:OfficeEquipment 2014-08-01 2015-07-31 01970712 d:LandBuildings d:LongLeaseholdProperties 2014-08-01 2015-07-31 01970712 d:ProvisionsForDeferredTaxation 2014-07-31 01970712 c:EntityAccountantsOrAuditors 2014-08-01 2015-07-31 xbrli:shares iso4217:GBP

Registered number: 01970712









PELLCOMP SOFTWARE LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015
 
PELLCOMP SOFTWARE LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PELLCOMP SOFTWARE LIMITED
FOR THE YEAR ENDED 31 JULY 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pellcomp Software Limited for the year ended 31 July 2015 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.


This report is made solely to the Board of directors of Pellcomp Software Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Pellcomp Software Limited and state those matters that we have agreed to state to the Board of directors of Pellcomp Software Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pellcomp Software Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Pellcomp Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that Pellcomp Software Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Pellcomp Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

28 April 2016
Page 1
 
PELLCOMP SOFTWARE LIMITED
REGISTERED NUMBER: 01970712

ABBREVIATED BALANCE SHEET
AS AT 31 JULY 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
30,032
31,471
 
CURRENT ASSETS





 
Debtors
1,464,392
1,465,242

 
Cash at bank and in hand

443,772
529,600







 
1,908,164
1,994,842
 
CREDITORS: amounts falling due within one year
(1,438,489)
(1,375,733)
 
NET CURRENT ASSETS


469,675

619,109
 
TOTAL ASSETS LESS CURRENT LIABILITIES
499,707
650,580
 
PROVISIONS FOR LIABILITIES





 
Deferred tax
(1,078)
(2,127)

NET ASSETS




 498,629


 648,453
  
CAPITAL AND RESERVES

 
Called up share capital
3
100
100
 
Capital redemption reserve
10
10
 
Profit and loss account
498,519
648,343
 
SHAREHOLDERS' FUNDS
 

 498,629

 648,453


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 July 2015 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 2
 
PELLCOMP SOFTWARE LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 JULY 2015

The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 28 April 2016.







M Robson
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3
 
PELLCOMP SOFTWARE LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Cash flow

The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of computer programming services supplied during the year, exclusive of Value Added Tax .

1.4
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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Property improvements
-
10% straight line
Office equipment
-
33% straight line

1.5
Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

1.6
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Page 4
 
PELLCOMP SOFTWARE LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015

2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 August 2014
120,460

Additions
12,086


At 31 July 2015

132,546



Depreciation


At 1 August 2014
88,989

Charge for the year
13,525


At 31 July 2015

102,514




Net book value


At 31 July 2015
 30,032


At 31 July 2014

 31,471


3.SHARE CAPITAL
        2015
        2014
        £

        £

Allotted, called up and fully paid



100 'A' Ordinary shares of £1 each
 100
 100

Page 5