Company Registration No. 08819289 (England and Wales)
PAYAR LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
PAYAR LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PAYAR LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,573
300
Current assets
Debtors
15,000
15,440
Cash at bank and in hand
1,238
7,441
16,238
22,881
Creditors: amounts falling due within one year
(4,197)
(5,459)
Net current assets
12,041
17,422
Total assets less current liabilities
13,614
17,722
Provisions for liabilities
(315)
(60)
13,299
17,662
Capital and reserves
Called up share capital
3
773
480
Share premium account
126,180
81,878
Profit and loss account
(113,654)
(64,696)
Shareholders' funds
13,299
17,662
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 6 July 2016
Mr A. House
Director
Company Registration No. 08819289
PAYAR LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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 less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
400
Additions
1,831
At 31 March 2016
2,231
Depreciation
At 1 April 2015
100
Charge for the year
558
At 31 March 2016
658
Net book value
At 31 March 2016
1,573
At 31 March 2015
300
PAYAR LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
52,000 Ordinary A shares of 1p each
520
340
25,000 Ordinary B shares of 1p each
250
137
300 Ordinary C shares of 1p each
3
3
773
480
During the year the following shares were issued:
Ordinary A shares - 2,450 shares were issued at £5 per share
- 7,550 shares were issued at £1.59 per share
- 8,000 shares were issued at 69p per share
Ordinary B shares - 2000 shares were issued at £5 per share
- 7,000 shares were issued at £1.14 per share
- 2,300 shares were issued at 50p per share
All Ordinary classes of shares of 1p each have equal voting rights and rank pari passu.
2016-03-312015-04-01falsetruetruetruetruetruetmp5366.html2016-07-07088192892015-04-012016-03-31088192892016-03-31088192892015-03-31088192892015-03-3108819289uk-bus:Director12015-04-012016-03-3108819289uk-gaap:ComputerEquipment2015-04-012016-03-3108819289uk-bus:OrdinaryShareClass12015-04-012016-03-3108819289uk-bus:OrdinaryShareClass22015-04-012016-03-3108819289uk-bus:OrdinaryShareClass32015-04-012016-03-3108819289uk-bus:OrdinaryShareClass12016-03-3108819289uk-bus:OrdinaryShareClass22016-03-3108819289uk-bus:OrdinaryShareClass32016-03-3108819289uk-bus:OrdinaryShareClass12015-03-3108819289uk-bus:OrdinaryShareClass22015-03-3108819289uk-bus:OrdinaryShareClass32015-03-31xbrli:purexbrli:sharesiso4217:GBP
