PSI_OVERSEAS_LIMITED - Accounts

PSI OVERSEAS LIMITED - Company Information

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Company Registration No. 08180906 (England and Wales)

PSI OVERSEAS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

PSI OVERSEAS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PSI OVERSEAS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

5,233

5,131

Cash at bank and in hand

4,403

8,849

9,636

13,980

Creditors: amounts falling due within one year

(12,290)

(17,892)

Total assets less current liabilities

(2,654)

(3,912)

Capital and reserves

Called up share capital

Profit and loss account

(2,744)

(4,002)

Shareholders' funds

(2,654)

(3,912)

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 27 January 2017

P. Hanson

Director

Company Registration No. 08180906

PSI OVERSEAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.5

Foreign currency translation

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 the transaction. All differences are taken to profit and loss account.