Abbreviated Company Accounts - PEOPLENET INTERNATIONAL LIMITED

PEOPLENET INTERNATIONAL LIMITED - Company Information

Registered Number 03305645

PEOPLENET INTERNATIONAL LIMITED

Abbreviated Accounts

31 January 2016

PEOPLENET INTERNATIONAL LIMITED Registered Number 03305645

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	125	167
		125	167
Current assets
Debtors		12,563	1,429
Cash at bank and in hand		93,920	87,872
		106,483	89,301
Creditors: amounts falling due within one year		(6,146)	(5,736)
Net current assets (liabilities)		100,337	83,565
Total assets less current liabilities		100,462	83,732
Provisions for liabilities		(25)	(33)
Total net assets (liabilities)		100,437	83,699
Capital and reserves
Called up share capital		130	130
Profit and loss account		100,307	83,569
Shareholders' funds		100,437	83,699

For the year ending 31 January 2016 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 22 October 2016

And signed on their behalf by:
Dr R J Stokes, Director

PEOPLENET INTERNATIONAL LIMITED Registered Number 03305645

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at annual rates in order to write off each asset over its estimated useful life.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 February 2015	2,762
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	2,762
Depreciation
At 1 February 2015	2,595
Charge for the year	42
On disposals	-
At 31 January 2016	2,637
Net book values
At 31 January 2016	125
At 31 January 2015	167