Abbreviated Company Accounts - PSI ACCOUNTANCY LIMITED

PSI ACCOUNTANCY LIMITED - Company Information

07250718 PSI ACCOUNTANCY LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 07250718 2015-05-01 2016-04-30 07250718 2016-04-30 07250718 2015-04-30 07250718 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 07250718 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 07250718

PSI ACCOUNTANCY LIMITED

Abbreviated Accounts

30 April 2016

PSI ACCOUNTANCY LIMITED Registered Number 07250718

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,822	13,097
Investments	3	1,000	1,000
		10,822	14,097
Current assets
Debtors		14,804	15,507
Cash at bank and in hand		52,155	63,928
		66,959	79,435
Creditors: amounts falling due within one year		(11,199)	(38,598)
Net current assets (liabilities)		55,760	40,837
Total assets less current liabilities		66,582	54,934
Total net assets (liabilities)		66,582	54,934
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		66,482	54,834
Shareholders' funds		66,582	54,934

For the year ending 30 April 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 14 January 2017

And signed on their behalf by:
Peter Sewell, Director

PSI ACCOUNTANCY LIMITED Registered Number 07250718

Notes to the Abbreviated Accounts for the period ended 30 April 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 April 2008.

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 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:

Fixtures, fittings and equipment 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 May 2015	25,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	25,000
Depreciation
At 1 May 2015	11,903
Charge for the year	3,275
On disposals	-
At 30 April 2016	15,178
Net book values
At 30 April 2016	9,822
At 30 April 2015	13,097

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.

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

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