Abbreviated Company Accounts - PSL LONDON LIMITED

PSL LONDON LIMITED - Company Information

07328378 PSL LONDON LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 07328378 2013-01-01 2013-12-31 07328378 2013-12-31 07328378 2012-12-31 07328378 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 07328378 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-31 iso4217:GBP shares

Registered Number 07328378

PSL LONDON LIMITED

Abbreviated Accounts

31 December 2013

PSL LONDON LIMITED Registered Number 07328378

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	30,679	32,529
Tangible assets	3	1,963	3,205
		32,642	35,734
Current assets
Debtors		12,305	220
Cash at bank and in hand		16,254	12,990
		28,559	13,210
Creditors: amounts falling due within one year		(28,473)	(13,056)
Net current assets (liabilities)		86	154
Total assets less current liabilities		32,728	35,888
Creditors: amounts falling due after more than one year		(32,000)	(35,000)
Provisions for liabilities		(393)	(641)
Total net assets (liabilities)		335	247
Capital and reserves
Called up share capital	4	200	200
Profit and loss account		135	47
Shareholders' funds		335	247

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2014

And signed on their behalf by:
Ian Richard Miller, Director

PSL LONDON LIMITED Registered Number 07328378

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the net invoices value of sales of goods and services rendered during the year, excluding value added tax, and derives from the company's ordinary activities.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at the following annual rates in order to write off the cost less expected residual value of each asset over its estimated useful life:

Plant and machinery - 20% on cost
Fixtures and equipment - 20% on cost
Motor vehicles - 20% on cost

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Other accounting policies
Leasing
Rentals payable under operating leases charged to the profit and loss account on a straight line basis over the lease term.

2Intangible fixed assets

	£
Cost
At 1 January 2013	37,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	37,000
Amortisation
At 1 January 2013	4,471
Charge for the year	1,850
On disposals	-
At 31 December 2013	6,321
Net book values
At 31 December 2013	30,679
At 31 December 2012	32,529

3Tangible fixed assets

	£
Cost
At 1 January 2013	6,204
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	6,204
Depreciation
At 1 January 2013	2,999
Charge for the year	1,242
On disposals	-
At 31 December 2013	4,241
Net book values
At 31 December 2013	1,963
At 31 December 2012	3,205

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 A Ordinary shares of £1 each	100	100
100 B Ordinary shares of £1 each	100	100