Psymplicity Ltd - Period Ending 2016-11-02

Registration number: 07618606

Psymplicity Ltd

Unaudited Abbreviated Accounts

for the Year Ended 2 November 2016

Ripe LLP
9a Burroughs Gardens
London
NW4 4AU

Psymplicity Ltd

Contents

Company Information	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

Psymplicity Ltd

Company Information

Directors

Mr J Beider

Registered office

9a Burroughs Gardens
London
NW4 4AU

Accountants

Ripe LLP
9a Burroughs Gardens
London
NW4 4AU

Psymplicity Ltd

(Registration number: 07618606)
Abbreviated Balance Sheet as at 2 November 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	2	4,445	3,518
Current assets
Debtors		41,405	-
Cash at bank and in hand		44,164	319
		85,569	319
Creditors: Amounts falling due within one year		(98,423)	(56,986)
Net current liabilities		(12,854)	(56,667)
Total assets less current liabilities		(8,409)	(53,149)
Creditors: Amounts falling due after more than one year		(29,792)	-
Net liabilities		(38,201)	(53,149)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(38,301)	(53,249)
Shareholders deficit		(38,201)	(53,149)

For the year ending 2 November 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 director on 25 January 2017

.........................................
Mr J Beider
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Psymplicity Ltd

Notes to the Abbreviated Accounts

Accounting policies

Going concern

The accounts have been prepared on a going concern basis on the understanding that the director will continue to support the company for the foreseeable future.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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
Computer equipment	4 years on cost
Furniture & Fixtures	4 years on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Fixed assets

	Tangible assets £	Total £
Cost
At 3 November 2015	3,673	3,673
Additions	1,928	1,928
At 2 November 2016	5,601	5,601
Depreciation
At 3 November 2015	155	155
Charge for the year	1,001	1,001
At 2 November 2016	1,156	1,156
Net book value
At 2 November 2016	4,445	4,445
At 2 November 2015	3,518	3,518

Page 3

Psymplicity Ltd

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

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

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

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