Abbreviated Company Accounts - PAYNET NE LIMITED

Registered Number 07046522

PAYNET NE LIMITED

Abbreviated Accounts

31 October 2013

PAYNET NE LIMITED Registered Number 07046522

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	2,629	3,506
		2,629	3,506
Current assets
Debtors		-	493
Cash at bank and in hand		574	234
		574	727
Creditors: amounts falling due within one year		(3,508)	(767)
Net current assets (liabilities)		(2,934)	(40)
Total assets less current liabilities		(305)	3,466
Total net assets (liabilities)		(305)	3,466
Capital and reserves
Called up share capital		10	10
Profit and loss account		(315)	3,456
Shareholders' funds		(305)	3,466

For the year ending 31 October 2013 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 28 July 2014

And signed on their behalf by:
DAVID COUPLAND, Director

PAYNET NE LIMITED Registered Number 07046522

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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.

2Tangible fixed assets

	£
Cost
At 1 November 2012	8,312
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	8,312
Depreciation
At 1 November 2012	4,806
Charge for the year	877
On disposals	-
At 31 October 2013	5,683
Net book values
At 31 October 2013	2,629
At 31 October 2012	3,506