PIMSS Data Systems Limited - Abbreviated accounts 16.1
PIMSS Data Systems Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| FOR |
| PIMSS DATA SYSTEMS LIMITED |
| PIMSS DATA SYSTEMS LIMITED (REGISTERED NUMBER: 03110470) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| PIMSS DATA SYSTEMS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| PIMSS DATA SYSTEMS LIMITED (REGISTERED NUMBER: 03110470) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| PIMSS DATA SYSTEMS LIMITED (REGISTERED NUMBER: 03110470) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 DECEMBER 2015 |
| The financial statements were approved by the Board of Directors on by: |
| PIMSS DATA SYSTEMS LIMITED (REGISTERED NUMBER: 03110470) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 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 January 2015). |
| Turnover |
| Revenue represents net invoiced software licence fee income, support and maintenance income and services |
| income. |
| Software licence fee income is recognised in full on the delivery of the license. Support and maintenance |
| income is deferred at the date of invoicing and released to the profit and loss account over the duration of the |
| maintenance contract. The balance of maintenance income not released to the profit and loss account is carried |
| in the balance sheet within deferred income. Services income is recognised in the month the services are |
| performed. |
| Research and development costs |
| Research costs are expensed as incurred. Development expenditures on an individual project are recognised as |
| an intangible asset when the company can demonstrate: |
| * The technical feasibility of completing the intangible asset so that the asset will be available for use or sale |
| * The intention to complete and its ability to use or sell the asset |
| * How the asset will generate future economic benefits |
| * The availability of resources to complete the asset |
| * The ability to measure reliably the expenditure during development |
| * The ability to use the intangible asset generated |
| Where the directors are satisfied as to the technical, commercial and financial viability of the project, the |
| identifiable expenditure is deferred and amortised over the period during which the company is expected to |
| benefit. The period is expected to be seven years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| PIMSS DATA SYSTEMS LIMITED (REGISTERED NUMBER: 03110470) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| Additions |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| Ordinary C | £1 |
| 100 | 100 |
| PIMSS DATA SYSTEMS LIMITED (REGISTERED NUMBER: 03110470) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 December 2015 and |
| 31 December 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |