Abbreviated Company Accounts - PROCESS AUTOMATION SUPPORT LIMITED

PROCESS AUTOMATION SUPPORT LIMITED - Company Information

08415481 PROCESS AUTOMATION SUPPORT LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 08415481 2015-02-01 2016-01-31 08415481 2016-01-31 08415481 2015-01-31 08415481 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 08415481 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 08415481

PROCESS AUTOMATION SUPPORT LIMITED

Abbreviated Accounts

31 January 2016

PROCESS AUTOMATION SUPPORT LIMITED Registered Number 08415481

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,863	3,836
		4,863	3,836
Current assets
Stocks		1,211	1,653
Debtors		8,711	6,437
Cash at bank and in hand		447	2,731
		10,369	10,821
Creditors: amounts falling due within one year		(11,149)	(13,424)
Net current assets (liabilities)		(780)	(2,603)
Total assets less current liabilities		4,083	1,233
Creditors: amounts falling due after more than one year		-	(343)
Total net assets (liabilities)		4,083	890
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		4,073	880
Shareholders' funds		4,083	890

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 31 October 2016

And signed on their behalf by:
Mr P Cioffi, Director

PROCESS AUTOMATION SUPPORT LIMITED Registered Number 08415481

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

1Accounting Policies

Basis of measurement and preparation of accounts
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 February 2015	5,911
Additions	2,648
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	8,559
Depreciation
At 1 February 2015	2,075
Charge for the year	1,621
On disposals	-
At 31 January 2016	3,696
Net book values
At 31 January 2016	4,863
At 31 January 2015	3,836

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10