Abbreviated Company Accounts - PATRIOT SYSTEMS LIMITED

PATRIOT SYSTEMS LIMITED - Company Information

05549597 PATRIOT SYSTEMS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05549597 2015-04-01 2016-03-31 05549597 2016-03-31 05549597 2015-03-31 05549597 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05549597 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 05549597

PATRIOT SYSTEMS LIMITED

Abbreviated Accounts

31 March 2016

PATRIOT SYSTEMS LIMITED Registered Number 05549597

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	986	77
		986	77
Current assets
Debtors		103,972	84,978
Cash at bank and in hand		7,449	24,085
		111,421	109,063
Creditors: amounts falling due within one year		(17,215)	(19,618)
Net current assets (liabilities)		94,206	89,445
Total assets less current liabilities		95,192	89,522
Total net assets (liabilities)		95,192	89,522
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		94,192	88,522
Shareholders' funds		95,192	89,522

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 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 23 December 2016

And signed on their behalf by:
Mr P M H McBreen, Director

PATRIOT SYSTEMS LIMITED Registered Number 05549597

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

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 January 2015.

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreication. 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:

Computer equipment - 33% straight line
Fixtures, fittings & equipment 25% straight line

Other accounting policies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2015	1,360
Additions	1,890
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	3,250
Depreciation
At 1 April 2015	1,283
Charge for the year	981
On disposals	-
At 31 March 2016	2,264
Net book values
At 31 March 2016	986
At 31 March 2015	77

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

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000