Predict It Ltd - Abbreviated accounts 16.1

Abbreviated Accounts for the Year Ended 31 October 2015

for

Predict It Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Cresswell

SECRETARY:

M Cresswell

REGISTERED OFFICE:

39 Chobham Road

Woking

Surrey

GU21 6JD

REGISTERED NUMBER:

04934302 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

39 Chobham Road

Woking

Surrey

GU21 6JD

FIXED ASSETS

Tangible assets

2

5,592

7,457

Investments

3

224

5,816

7,681

CURRENT ASSETS

Debtors

264

8,236

Cash at bank

18,802

38,311

19,066

46,547

CREDITORS

Amounts falling due within one year

12,020

9,051

NET CURRENT ASSETS

7,046

37,496

TOTAL ASSETS LESS CURRENT LIABILITIES

12,862

45,177

PROVISIONS FOR LIABILITIES

1,089

1,538

NET ASSETS

11,773

43,639

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

11,772

43,638

SHAREHOLDERS' FUNDS

11,773

43,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 July 2016 and were signed by:

J Cresswell - 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 services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

12,706

DEPRECIATION

At 1 November 2014

5,249

Charge for year

1,865

At 31 October 2015

7,114

NET BOOK VALUE

At 31 October 2015

5,592

At 31 October 2014

7,457

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2014

and 31 October 2015

224

NET BOOK VALUE

At 31 October 2015

224

At 31 October 2014

224

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1