Packet Storm Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06018812 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

PACKET STORM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Siganos

REGISTERED OFFICE:

2 Mill Road

Haverhill

Suffolk

CB9 8BD

REGISTERED NUMBER:

06018812 (England and Wales)

ACCOUNTANTS:

Hackett Griffey LLP

Chartered Certified Accountants

2 Mill Road

Haverhill

Suffolk

CB9 8BD

FIXED ASSETS

Tangible assets

2

237

415

CURRENT ASSETS

Debtors

36,648

26,400

Cash at bank

164,074

105,592

200,722

131,992

CREDITORS

Amounts falling due within one year

38,086

27,942

NET CURRENT ASSETS

162,636

104,050

TOTAL ASSETS LESS CURRENT LIABILITIES

162,873

104,465

PROVISIONS FOR LIABILITIES

47

83

NET ASSETS

162,826

104,382

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

162,825

104,381

SHAREHOLDERS' FUNDS

162,826

104,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 7 August 2014 and were signed by:

D Siganos - 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 is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of

VAT.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

1,805

Disposals

(399

)

At 31 December 2013

1,406

DEPRECIATION

At 1 January 2013

1,390

Charge for year

103

Eliminated on disposal

(324

)

At 31 December 2013

1,169

NET BOOK VALUE

At 31 December 2013

237

At 31 December 2012

415

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1