Micro-entity Accounts - P Y DESIGN LTD

08165886 P Y DESIGN LTD 2016-12-31 false 2016-01-01 2016-12-31 true 08165886 2016-01-01 2016-12-31 08165886 2016-12-31 08165886 2015-12-31 08165886 uk-gaap-cd-bus:Director1 2016-01-01 2016-12-31 08165886 uk-gaap-cd-bus:Director2 2016-01-01 2016-12-31 08165886 uk-gaap-cd-bus:AllEntityOfficers 2016-01-01 2016-12-31 iso4217:GBP shares

Registered Number 08165886

P Y DESIGN LTD

Micro-entity Accounts

31 December 2016

P Y DESIGN LTD Registered Number 08165886

Micro-entity Balance Sheet as at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	1	11,506	13,281
		11,506	13,281
Current assets
Debtors		1,500	1,500
Investments		24,750	24,750
Cash at bank and in hand		13,401	11,358
		39,651	37,608
Creditors: amounts falling due within one year		(977)	(756)
Net current assets (liabilities)		38,674	36,852
Total assets less current liabilities		50,180	50,133
Total net assets (liabilities)		50,180	50,133
Capital and reserves
Called up share capital		50,000	50,000
Profit and loss account		180	133
Shareholders' funds		50,180	50,133

For the year ending 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 May 2017

And signed on their behalf by:
Pey Yun Kan, Director

P Y DESIGN LTD Registered Number 08165886

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1Intangible fixed assets

	£
Cost
At 1 January 2016	16,247
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	16,247
Amortisation
At 1 January 2016	2,966
Charge for the year	1,775
On disposals	-
At 31 December 2016	4,741
Net book values
At 31 December 2016	11,506
At 31 December 2015	13,281

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts
and value added taxes. Turnover includes revenue earned from the sale of goods and from the
rendering of services. Turnover from the sale of goods is recognised when the significant risks and
rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of
services is recognised by reference to the stage of completion of the contract. The stage of
completion of a contract is measured by comparing the costs incurred for work performed to date
to the total estimated contract costs.