Abbreviated Company Accounts - PC LICENSING LIMITED

PC LICENSING LIMITED - Company Information

06384087 PC LICENSING LIMITED 2016-03-26 false 2015-03-27 2016-03-26 true 06384087 2015-03-27 2016-03-26 06384087 2016-03-26 06384087 2015-03-26 06384087 uk-gaap-cd-bus:Director1 2015-03-27 2016-03-26 06384087 uk-gaap-cd-bus:Director2 2015-03-27 2016-03-26 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-27 2016-03-26 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-26 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-26 iso4217:GBP shares

Registered Number 06384087

PC LICENSING LIMITED

Abbreviated Accounts

26 March 2016

PC LICENSING LIMITED Registered Number 06384087

Abbreviated Balance Sheet as at 26 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	21,000	24,000
Tangible assets	3	17,899	21,057
Investments		-	-
		38,899	45,057
Current assets
Stocks		-	-
Debtors		815	854
Investments		-	-
Cash at bank and in hand		120	1,308
		935	2,162
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(56,791)	(27,558)
Net current assets (liabilities)		(55,856)	(25,396)
Total assets less current liabilities		(16,957)	19,661
Creditors: amounts falling due after more than one year		0	(50,000)
Provisions for liabilities		(1,687)	(1,687)
Accruals and deferred income		0	0
Total net assets (liabilities)		(18,644)	(32,026)
Capital and reserves
Called up share capital	4	100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(18,744)	(32,126)
Shareholders' funds		(18,644)	(32,026)

For the year ending 26 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 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 15 December 2016

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

PC LICENSING LIMITED Registered Number 06384087

Notes to the Abbreviated Accounts for the period ended 26 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These financial statements have been prepared on a going concern basis. The company is dependent on the support of the director, who have loan accounts totalling £51,865 included in creditors due within one year. The director have given written confirmation that they do not intend to withdraw the existing funds within the next twelve months. The going concern basis is therefore believed to be appropriate. The financial statements do not include any adjustments that might result from a withdrawal of funds.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Land and buildings Freehold 25% Straight line
Fixtures, fittings & equipment 15% Reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 27 March 2015	30,000
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 26 March 2016	30,000
Amortisation
At 27 March 2015	6,000
Charge for the year	3,000
On disposals	0
At 26 March 2016	9,000
Net book values
At 26 March 2016	21,000
At 26 March 2015	24,000

3Tangible fixed assets

	£
Cost
At 27 March 2015	116,338
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 26 March 2016	116,338
Depreciation
At 27 March 2015	95,281
Charge for the year	3,158
On disposals	0
At 26 March 2016	98,439
Net book values
At 26 March 2016	17,899
At 26 March 2015	21,057

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100