Paycoll Payroll (DP) Ltd - Period Ending 2016-03-31

Registration number: 07499089

Paycoll Payroll (DP) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Paycoll Payroll (DP) Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Paycoll Payroll (DP) Ltd
(Registration number: 07499089)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Current assets
Debtors					2,213			1,444
Cash at bank and in hand					13,353			12,987
					15,566			14,431
Creditors: Amounts falling due within one year					(3,088)			(3,754)
Net assets					12,478			10,677
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					12,378			10,577
Shareholders' funds					12,478			10,677

For the year ending 31 March 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 director acknowledges his 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 director on 31 August 2016

.........................................
Mr Stephen Alan Lowery
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Paycoll Payroll (DP) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25 % straight line
Office equipment	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		530			530
At 31 March 2016		530			530
Depreciation
At 1 April 2015		530			530
At 31 March 2016		530			530
Net book value
At 31 March 2016		-			-
At 31 March 2015		-			-

Page 2

Paycoll Payroll (DP) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

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