Picas Limited - Full Accounts














Picas Limited


FINANCIAL STATEMENTS


for the year ended 31st March 2017


Picas Limited

CONTENTS

for the year ended 31st March 2017







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Picas Limited

Company No. 03320038

STATEMENT OF FINANCIAL POSITION

as at 31st March 2017

2016
Note£££
FIXED ASSETS
Intangible assets4848848
Property, plant and equipment533763376
42244224
CURRENT ASSETS
Cash at bank and in hand17061706
17061706
CURRENT LIABILITIES
Creditors: amounts falling due
within one year67722177221
NET CURRENT LIABILITIES(75515)(75515)
TOTAL ASSETS LESS CURRENT LIABILITIES(71291)(71291)
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS(71291)(71291)
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings(71391)(71391)
SHAREHOLDERS FUNDS(71291)(71291)

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st March 2017 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

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.

Approved by the Board on 21 December 2017


R S Schoppen

Director

Company Number 03320038 (England)

Picas Limited

NOTES TO THE ACCOUNTS

for the year ended 31st March 2017


1   Statutory information

Picas Limited is a private company limited by shares and registered under company number 03320038 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

3   Employee information

The average number of employees during the accounting period was 1 (2016 - 1).

4   Intangible assets
£
Cost
At 1st April 2016 and
At 31st March 2017848
 
Amortisation
At 1st April 2016 and
At 31st March 2017-
 
Net Book Value
At 31st March 2017848
At 31st March 2016848

Intangible Fixed Assets are being written off in equal annual instalments over each asset's estimated economic life.


5   Property, plant and equipment
 
Fixtures
and
FittingsTotal
££
Cost
At 1st April 2016 and
At 31st March 201763436343
 
Depreciation
At 1st April 2016 and
At 31st March 201729672967
 
Net Book Value
At 31st March 201733763376
At 31st March 201633763376

6   Creditors: amounts falling due within one year20172016
££
 
Other creditors7722177221
7722177221

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