Company Registration No. 06120765 (England and Wales)
PSR CONTRACT SOLUTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
PSR CONTRACT SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PSR CONTRACT SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
54,884
55,715
Current assets
Debtors
3,030,010
1,531,338
Cash at bank and in hand
2,348
13,363
3,032,358
1,544,701
Creditors: amounts falling due within one year
(2,529,277)
(1,177,867)
Net current assets
503,081
366,834
Total assets less current liabilities
557,965
422,549
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
557,865
422,449
Shareholders' funds
557,965
422,549
For the financial year ended 31 March 2014 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 for issue on 9 May 2014
J S Sanders
Director
Company Registration No. 06120765
PSR CONTRACT SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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
Tangible fixed assets and depreciation
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:
Land and buildings Leasehold
10% on cost
Computer equipment
33% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
77,149
Additions
17,135
At 31 March 2014
94,284
Depreciation
At 1 April 2013
21,433
Charge for the year
17,967
At 31 March 2014
39,400
Net book value
At 31 March 2014
54,884
At 31 March 2013
55,715
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
PSR CONTRACT SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
4
Related party relationships and transactions
2014-03-312013-04-01truetruetruefalsetruetruetmpD5E6.html2014-12-02061207652013-04-012014-03-31061207652014-03-31061207652013-03-31061207652013-03-3106120765uk-bus:CompanySecretaryDirector2013-04-012014-03-3106120765uk-gaap:LandBuildingsuk-gaap:LeasedTangibleFixedAssets2013-04-012014-03-3106120765uk-gaap:ComputerEquipment2013-04-012014-03-3106120765uk-gaap:FixturesFittingsToolsEquipment2013-04-012014-03-3106120765uk-bus:OrdinaryShareClass12013-04-012014-03-3106120765uk-bus:OrdinaryShareClass12014-03-3106120765uk-bus:OrdinaryShareClass12013-03-3106120765uk-curr:PoundSterling2013-04-012014-03-31xbrli:purexbrli:sharesiso4217:GBP
